Healthcare Tech firm Seveler Scientific Inc. President Eric Seemler says many of his hedge funds have doubts about the future of bitcoin, when US President Donald Trump leaves office.
“I think they think it’s a fly-by-night concept and it is probably going after Trump administration, move back much,” Seveler told Sikka’s stories host Natalie Brunelle on Thursday.
Semaller is confident that bitcoin is a major drama
Seleler, who established the hedge fund TCS Capital Management in 2001, gave his comments amid doubt Within the crypto industry After the end of the administration of US President Donald Trump, how long will political support for Crypto last. While Trump Signed recently On a bitcoin (BTC) Strategic reserve, Some, such as Jan3 founder Samson MavIt is concerned that support under the future President may be potentially exposed.
However, this is not a matter of concern for Seemaller, which has doubled on the property. In May 2024, Seveler Scientific became a publicly trading company adopting a bitcoin treasury strategy.
On Thursday, Seemler Scientific announced an increase plan Its bitcoin holdings about 23 times In the next two and a half years, its growing Plowing From 4,449 bitcoins to 105,000 bitcoins. By the end of this year, the target of Seemaller aims to keep a total of 10,000 bitcoins.
Seemaller sees doubts as a rapid signal from the traditional finance industry.
“When you are putting a condition on something that the majority does not believe, and you are right, you make a lot of money,” said Semaller.
He said, “I think we have great opportunities to show people that they are basically missing from a great occasion,” he said.
Seemler said that he has made his career on going against grain. He said, “The best invested I have invested is in the things that I am the lonely voice crying in the forest,” he said.
“They are types of investment with the most returns,” he said.
“I like negativity; I am an opposite investor.”
The survey shows that hedge funds are turning to bitcoin
In October 2024, optional investment management Association and PWC revealed a survey 47% of trading in traditional markets is in touch with the hedge fund manager cryptocurrency.
Connected: Bitcoin threatened $ 104k ‘Galicha Bridge’ as the businessman says the major steps to come so far
In 2023, Crypto Exposure was 29%, while about 37% of the respondents stated that they had contact with Crypto in 2022.
Interestingly, in June 2021, an interrest Global surveyed the intention of buying crypto assets around the world surveys the main financial authorities of 100 hedge funds worldwide.
About 98% of them replied that they hope that their hedge funds have invested 7.2% of their assets. In cryptocurrency by 2026,
magazine: Arthur Hes does not care when his bitcoin predictions are completely wrong
