Eric Semler, chairman of the Healthcare Tech Firm Semler Scientific Inc., said many of his peers of the fence funds were skeptical about the future of Bitcoin once the US office Donald Trump left.
“I think they think it’s a fly-by-night concept and maybe it will go, after the Trump administration, back to a lot,” semler said The coin stories are posting Natalie Brunell on Thursday.
Semler is confident that bitcoin is a major play
Semler, who also founded the Hedge Fund TCS Capital Management in 2001, made his comments in the middle of doubt Within the crypto industry About how long the political support for the crypto will last after the end of President Donald Trump’s administration. While Trump recently —the only already signed off to a bitcoin (Btc) Strategic reserve, Some, like Jan3 founder Samson MowConcerned that support can potentially solve under a future president.
However, this is not a concern for Semler, who is double in possession. In May 2024, Semler Scientific became a second company that publicly exchanged the US to adopt a Bitcoin treasury approach.
On Thursday, Semler Scientific announced plans to increase Its handling in bitcoin almost 23 times In the next two-and-half years, it grows Handles From 4,449 Bitcoin to 105,000 Bitcoin. Semler aims to hold a total of 10,000 Bitcoin by the end of this year.
Semler sees doubts from the traditional financial industry as a bullish signal.
“When you make a bet on something most people don’t believe, and you’re right, you make more money,” Semler said.
“I think we get great opportunities to show people that they’re usually missing out on a great chance,” he added.
Semler said he built a career on the way against the grain. “The best investment I have ever made is in things that I am kind of a single voice crying in the wilderness,” he said.
“Those are the types of investment with the highest return,” he said.
“I like to have negativity; I am a contractor who is investor.”
Surveys show fence funds return to Bitcoin
In October 2024, the alternative investment management Association and PWC conducted a survey revealing 47% of trading fence fund managers in the traditional market are exposed to cryptocurrencies.
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Crypto exposure was 29% in 2023, while about 37% of respondents said they had a crypto exposure in 2022.
Notably, in June 2021, an intertust global surveyed chief financial officers from 100 fence funds worldwide about their desire to buy crypto assets.
Nearly 98% of them responded that they expect their fence funds to be invested by 7.2% of their possessions In cryptocurrencies by 2026.
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