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Fund Manager Betting on Bitcoin with 30% Allocation
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Fund Manager Betting on Bitcoin with 30% Allocation

Fund Manager Betting on Bitcoin with 30% Allocation

Fintech Nexus Staff·
FintechNews RoundupUSA
·Oct. 30, 2017·1 min read

Bill Miller discusses his $154 million hedge fund MVP 1 and its 30% allocation to bitcoin in a Wall Street Journal article; the fund is up 72.5% this year and according to a letter to investors the fund paid an average price of $350 per bitcoin; while his fund has done well he is aware of the risks that bitcoin could go to zero, providing his perspective in the article. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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