“Sorry, but I can’t help you any more.”
Samara Asset Group (FRA: ECV) CEO Patrick Lawrie had some well-chosen words when explaining how much opportunity, and perhaps some myopia, exists in the financial world when it comes to Bitcoin.
in Recent Twitter SpacesLawrie shared his vision for a future monetary system that leverages the Bitcoin network at every level. Opportunities abound, from acting as a store of value like “digital gold” to becoming “a source of global financial commerce across trade, currency and capital markets.”
Lawrie believes Bitcoin “may end up being much more valuable than Satoshi ever imagined or the Bitcoin community ever imagined.” Nevertheless, he believes capital allocators are somehow missing out, like a horse being led to water. For Samara’s CEO, that’s a good thing for those who take the plunge.
MicroStrategy copycats are coming
After building his career in the digital asset Bitcoin, German Digital Assets In a subsequent interview with Cryptology (later to become Smara Asset Group), Lawrie expressed the view that Bitcoin in particular is poised for a renaissance.
First, he believes MicroStrategy is just the first in a long line of imitators, including Malta-based Samara Asset Group: “[Samara]has spent the last few years raising as much bitcoin as possible.” For those wanting to follow suit, he said: Recent FASB fair value accounting rule changes He said the FASB ruling will be more influential than most in the market believes, and that he “truly believes that the FASB ruling is more groundbreaking and progressive for Bitcoin than a Bitcoin ETF.”
Dylan Leclerc joins the conversation Bitcoin Magazine Institution-led and Director of Bitcoin Strategy at Metaplanet (TYO: 3350) echoed that sentiment. Leclerc and Japan-based Metaplanet pioneered the move as the first stock to act as a proxy for bitcoin in the Japanese market, offering investors a way to gain exposure to bitcoin despite an unfavorable legal and tax environment for holding bitcoin itself.
Leclerc believes Metaplanet and MicroStrategy will not be the only ones adopting a bitcoin strategy, but those who get in first will benefit the most. “It’s the fringe people and institutions with strong beliefs who are going to be the first to move. I think that’s where they have an advantage.”
Leclerc praised companies like Jack Dorsey’s Block. Recent Announcements In it, the company revealed plans to invest 10% of its total profits in Bitcoin. Shortly thereafter, The Block’s CEO Predicted Bitcoin price will be “at least $1 million” by the end of the decade.
Alpha is available
For Lawrie, it’s not just the fact that Bitcoin’s value could rise, but also the fact that many of the companies that were positioned to capture that rise were devastated by the bear market of 2022 and 2023. “The market has completely collapsed. Over 90%, maybe 95% of the crypto managers have been wiped out.” In other words, the playing field is wide open thanks to the GBTC arbitrage debacle that has brought down crypto’s house of cards.
Samara Alpha ManagementSamara Asset Group’s US subsidiary, Bitcoin Alpha Competition In cooperation with Bitcoin Magazine ProAs part of Bitcoin 2024 Pitch Day The competition, which will be held in Nashville, aims to provide emerging bitcoin fund managers with $1 million in seed funding, as well as the infrastructure they need to launch their funds.
The first Bitcoin Alpha Competition will be held in 2023. Animus Technologies Inc. was selected For its artificial intelligence-powered strategies that analyze and capitalize on shifts in market sentiment. Maximillian Pace, CEO of Animus I got it. He said the seed funding and Samara’s operational infrastructure will allow his company to “focus on what we do best: creating value through signal shaping and research.”
Lawrie believes that the globally distributed hive mind of talented digital asset traders like Animus is a largely untapped resource: “The crypto industry has some of the brightest and most talented managers managing just a few assets through SMA and Twitter. These are groups and individuals, and I want to empower them by giving them the opportunity to have their own funds.
But these individuals don’t want to spend $250,000 or $500,000 to become their own asset managers… These groups don’t know how to manage risk, they don’t know how to manage auditors. They might not even know in what jurisdiction they should set up a general partnership or LP… That’s why we launched the Bitcoin Alpha competition last year… (And now) we’re excited to see what managers come out of the Bitcoin Nashville competition in July.”
click here Apply in 2024 Bitcoin Alpha Competition As part of Bitcoin 2024 Pitch Day, Nashville
