London Hedge Funds moving into Bitcoin

[Mageant]

Check out this Bitcoin is being offered as an investement on Exante.eu for London hedge funds (this is the Malta hedge fund people have been talking about):
https://exante.eu/press/news/266/

Minimum account size: 100,000 Euros.

Max Keiser claims there is $1 billion lined up for this:
https://twitter.com/maxkeiser/status/321897445422399488

Looks like the big players will be coming soon!

This "bubble" still has a long ways to go!

[crazy_rabbit]

Yeah, well, we will see about that. My mind isn't made up yet about Max Keiser, but he's a TV personality and that's almost always a bad thing. The last thing we need (and is perhaps inevitable at this point) is the rise of Bitcoin demagogues.

[San1ty]

BTCBTCBTC!

[ingrownpocket]

BUY BUY BUY

[Frost]

Check out this Bitcoin is being offered as an investement on Exante.eu for London hedge funds (this is the Malta hedge fund people have been talking about):
https://exante.eu/press/news/266/

Minimum account size: 100,000 Euros.

Max Keiser claims there is $1 billion lined up for this:
https://twitter.com/maxkeiser/status/321897445422399488

Looks like the big players will be coming soon!

This "bubble" still has a long ways to go!

Can you explain for a noob like me what this would mean? $1 bilion will go into bitcoin market? Or 100.000 €? How would it change the exchange rate?

[damnek]

I always suspected Max Keiser to be a bitcoin pumper. Now I'm sure of it.

[Mageant]

Check out this Bitcoin is being offered as an investement on Exante.eu for London hedge funds (this is the Malta hedge fund people have been talking about):
https://exante.eu/press/news/266/

Minimum account size: 100,000 Euros.

Max Keiser claims there is $1 billion lined up for this:
https://twitter.com/maxkeiser/status/321897445422399488

Looks like the big players will be coming soon!

This "bubble" still has a long ways to go!

Can you explain for a noob like me what this would mean? $1 bilion will go into bitcoin market? Or 100.000 €? How would it change the exchange rate?

$1 billion is to be spent buying bitcoins.

At the current market price that would be about 4 million BTC.
I doubt that many people will actually be selling.
So if that happens the price will go *way* up.

If we assume they can buy 5% of existing bitcoins (very optimistic IMHO) with that $1 billion then the price has to go up 10x at least.
That would result in a price of $2500 per bitcoin.

[Frost]

Check out this Bitcoin is being offered as an investement on Exante.eu for London hedge funds (this is the Malta hedge fund people have been talking about):
https://exante.eu/press/news/266/

Minimum account size: 100,000 Euros.

Max Keiser claims there is $1 billion lined up for this:
https://twitter.com/maxkeiser/status/321897445422399488

Looks like the big players will be coming soon!

This "bubble" still has a long ways to go!

Can you explain for a noob like me what this would mean? $1 bilion will go into bitcoin market? Or 100.000 €? How would it change the exchange rate?

$1 billion is to be spent buying bitcoins.

At the current market price that would be about 4 million BTC.
I doubt that many people will actually be selling.
So if that happens the price will go *way* up.

If we assume they can buy 5% of existing bitcoins (very optimistic IMHO) with that $1 billion then the price has to go up 10x at least.
That would result in a price of $2500 per bitcoin.

Thanks for the explanation.
Awesome and extreme 
I hope this comes true.

[zoolander]

Hold on a minute. Isn't Max Keiser against the existing banking system and their institutions? Yet he is brokering deals for hedge funds??? Am I missing something here?

[Mageant]

Hold on a minute. Isn't Max Keiser against the existing banking system and their institutions? Yet he is brokering deals for hedge funds??? Am I missing something here?

He is using the system against itself.

Also I'm sure some banks and institutions can be reformed. Not everything has to disappear. Existing physical infrastructure and organizations can be used for the new Bitcoin ecnomy.

[meowmeowbrowncow]

Yeah, well, we will see about that. My mind isn't made up yet about Max Keiser, but he's a TV personality and that's almost always a bad thing. The last thing we need (and is perhaps inevitable at this point) is the rise of Bitcoin demagogues.

re: Bitcoin demagogues.  Yep, can be bad.


re: Max Keiser.  It's hard to make one's mind up about how 'sensational' versus 'principled' Max is.  If you look at some of his one-on-one interviews you can truly see that Max is very well grounded in, what he considers to be, fundamentals of fairness, equity, impartiality.


So....  I believe Max Keiser is more so a force for good.  Could he be responsible for inflating Bitcoin expectations?  Sure.  Though, I still think Max serves an important role.

[zoolander]

Hold on a minute. Isn't Max Keiser against the existing banking system and their institutions? Yet he is brokering deals for hedge funds??? Am I missing something here?

He is using the system against itself.

Also I'm sure some banks and institutions can be reformed. Not everything has to disappear. Existing physical infrastructure and organizations can be used for the new Bitcoin ecnomy.

I think it is healthier to keep the banks and institutions out of the picture for as long as possible, whatever the short term gains to maximise the redistribution of wealth. The cheaper it is for them to come in, the more chance there is of Bitcoin just becoming part of the existing system.

[lebing]

They are based in Malta btw, not London

[Nemesis]

Check out this Bitcoin is being offered as an investement on Exante.eu for London hedge funds (this is the Malta hedge fund people have been talking about):
https://exante.eu/press/news/266/

Minimum account size: 100,000 Euros.

Max Keiser claims there is $1 billion lined up for this:
https://twitter.com/maxkeiser/status/321897445422399488

Looks like the big players will be coming soon!

This "bubble" still has a long ways to go!

Can you explain for a noob like me what this would mean? $1 bilion will go into bitcoin market? Or 100.000 €? How would it change the exchange rate?

$1 billion is to be spent buying bitcoins.

At the current market price that would be about 4 million BTC.
I doubt that many people will actually be selling.
So if that happens the price will go *way* up.

If we assume they can buy 5% of existing bitcoins (very optimistic IMHO) with that $1 billion then the price has to go up 10x at least.
That would result in a price of $2500 per bitcoin.

ugh.... hedge funds managers are not that stupid. And if you believe crap from Max Keiser, you're an idiot

[Severian]

Also I'm sure some banks and institutions can be reformed. Not everything has to disappear. Existing physical infrastructure and organizations can be used for the new Bitcoin ecnomy.

100% agreed.

If history is any map, we're poised for a transformation of these ancient structures much as Northern Italy was just before the Renaissance. Changes in the economic balance were much of the force behind the Renaissance.

I truly think we're going to see another, even bigger Renaissance in the next generation because of Bitcoin. It may have already started.

[proudhon]

I always suspected Max Keiser to be a bitcoin pumper. Now I'm sure of it.

This

[Frost]

In the german forums here, someone did have a good question.

Why did Max Keiser announce the plans? Announcing this makes the exchange rate grow... and they would need to spend more per BTC

Maybe he just want to push the exchange rate with that kind of news so that he can sell at very high profit soon?

Can somebody explain if there is a logic? because this sounds scarry. Maybe we are really a playball here and nothing else?

[kiko]

I don't understand what exactly Exante need Max for, other than advertising. Is that the deal? I'll go on tv and tell people about your hedge fund for a 2% fee.  How does RT not ban this crap.

[dg2010]

This is absolute BULLSHIT post. And is typical fake bullshit news.

[Pruden]

Given that Exante has made it public and already has the BTC, I don't care why Keiser is broadcasting it.

BTW, the fund says it has 81000 BTC with a +1000% return in the last three months, so they must have bought before the rise went strong.