What Happens to BTC After Trump? Hedge Funds Worry: Eric Semler
Eric Semler, chairman of Semler Scientific Inc., expresses skepticism among hedge fund peers regarding Bitcoin's future post-Trump administration, with many viewing it as a transient concept. Despite this, Semler remains confident in Bitcoin, having adopted a Bitcoin treasury strategy for his company. Semler Scientific plans to increase its Bitcoin holdings from 4,449 to 105,000 over the next two-and-a-half years, aiming for 10,000 by year-end. He views skepticism from traditional finance as a bullish indicator and believes that contrarian investments yield the highest returns. A recent survey shows 47% of hedge fund managers are now exposed to cryptocurrencies, up from 29% in 2023. Additionally, a prior survey indicated that 98% of hedge fund CFOs expect to invest 7.2% of their assets in cryptocurrencies by 2026.
