UK Hedge Fund Manager says Bitcoin could hit $1 Million

[BittBurger]

Good times.

U.K.-based hedge fund manager Hugh Hendry, the founder of Eclectica Asset Management, made some interesting comments about how he thinks Bitcoin could go to $1 million, Investment Week's Dan Jones reports.

"This is the environment where Bitcoin could go to $1m. There is no qualitative reason, but it is trending. If I could own Bitcoin, I would," Hendry said, according to Investment Week.

Read more: http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12#ixzz2mWwXWByB

[laowai80]

If I could own Bitcoin, I would," Hendry said, according to Investment Week.

Why can't he? Personally at least.

[BitAddict]

If I could own Bitcoin, I would," Hendry said, according to Investment Week.

Why can't he? Personally at least.

That seems stupid :/
Maybe he is trying to tell that is hard to buy a lot of bitcoins, or that he is not able to store them at the moment (because he is scary of doing something bad and losing all that money)

[PenAndPaper]

Good times.

U.K.-based hedge fund manager Hugh Hendry, the founder of Eclectica Asset Management, made some interesting comments about how he thinks Bitcoin could go to $1 million, Investment Week's Dan Jones reports.

"This is the environment where Bitcoin could go to $1m. There is no qualitative reason, but it is trending. If I could own Bitcoin, I would," Hendry said, according to Investment Week.

Read more: http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12#ixzz2mWwXWByB

He can estimate the future price of bitcoin but he can't figure out how to buy some? That put me off although i like his super bullish approach.

[hilariousandco]

Yeah, it could go to one mill. Could also go to zero. Any guesses on how much BTC is gonna be worth later today, tomorrow, a year or ten from now is pure speculation.

[TheJacob]

The only reason for all these wild claims I can think of is that these guys bought a bunch already and are making these comments to enforce a sort of self fulfilling prophecy.

[gentlemand]

He'll be restricted as to what his fund can buy. I assume it has to be through more formalised exchanges.

[BittBurger]

He is restricted on which types of investments he can purchase. It's not that he doesn't know how, or can't figure it out.

[laowai80]

He'll be restricted as to what his fund can buy. I assume it has to be through more formalised exchanges.

So why wouldn't he say that he can't buy it for his fund, but bought it personally for himself. I guess it is not prohibited for a fund manager to buy it for himself.

[canada]

Trace Mayer makes a good point when he says if only 1% of all off-shore money was moved to bitcoin, each coin would be worth 2.8 million

http://youtu.be/TZwmgeeFB-E

[PenAndPaper]

The only reason for all these wild claims I can think of is that these guys bought a bunch already and are making these comments to enforce a sort of self fulfilling prophecy.

Only that this particular guy claims that for whatever reason can't get his hands on any coins  

[LiteCoinGuy]

"Eclectica Asset Management was founded in 2005 by Hugh Hendry. The company is based in London, has 24 employees and approximately $1.3bn of assets under management as of 2nd January 2013."

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"This is the environment where Bitcoin could go to $1m. There is no qualitative reason, but it is trending. If I could own Bitcoin, I would," Hendry said, according to Investment Week.

"The reason Hendry doesn't own Bitcoin is because it's not available on a regular exchange, the report said. "


?!?

he should wait for the winkelvos fund

[beetcoin]

it's hard to trust the opinion of someone who only has experience in finance.. i think bitcoin is revolutionary. it changes the rules of the game, and guys like him only understand the financial part of the rules.. not the technological.

[GigaCoin]

Good times.

U.K.-based hedge fund manager Hugh Hendry, the founder of Eclectica Asset Management, made some interesting comments about how he thinks Bitcoin could go to $1 million, Investment Week's Dan Jones reports.

"This is the environment where Bitcoin could go to $1m. There is no qualitative reason, but it is trending. If I could own Bitcoin, I would," Hendry said, according to Investment Week.

Read more: http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12#ixzz2mWwXWByB

there are so many options for him to buy Bitcoin in the UK kinda lame that he "couldn't" invest in it.

[LiteCoinGuy]

Eclectica’s Hugh Hendry has said he would buy into online currency Bitcoin if it were feasible to do so within his funds.

http://www.investmentweek.co.uk/investment-week/news/2310184/hendry-i-would-buy-bitcoin-if-i-could

[beetcoin]

Eclectica’s Hugh Hendry has said he would buy into online currency Bitcoin if it were feasible to do so within his funds.

http://www.investmentweek.co.uk/investment-week/news/2310184/hendry-i-would-buy-bitcoin-if-i-could

he sounds kind of lazy if he believes in bitcoins but won't buy any because "it takes too much work."

[BitcoinFX]

1 BTC = $1

1 BTC = $10

1 BTC = $100

1 BTC = $1000

1 BTC = $10,000 (I am Le Sad) - lol  

1 BTC = $100,000

1 BTC = $1,000,000

The proudhon song (bitcoin is a bubble) - https://www.youtube.com/watch?v=A7TuFy0fcuw

That's how Bitcoin was designed to work. I only sold in the early days becuse it took to long to get to $1

I only came back because it got above $100 with price stability.

The above will happen or the protocol will fail or something better will replace bitcoin in the interim period of 140 (approx.) years while the rest of the 21 Million coins are mined. In theory the price will continue to rise long after the 21 million coins are mined, then (in theory) Bitcoin goes down hill back to $0.

"You cannot trade in diminishing intangibility" - BitcoinFX - well you can, but not forever...

Bitcoin is a bubble - a very big bubble ! Don't sell any coins until ' Satoshi ' does - lol - and you will be rich Mwahahahaha ! ? !

~ Only issue here is that people need to spend / trade them for the value to increase.

Avoid selling any of your coins to hedge fund managers or banksters.

Everyone should save at least 1 BTC for the Bitcoin Shuttle... we're going to Elysium ... we're going to ' save them all '.  

P.S. - Any other Coin Shuttle will probably do - just make sure it reaches take-off and landing.

[BitcoinFX]

How Bitcoin Will End the Nation State - Jeffrey Tucker

https://www.youtube.com/watch?v=qwy5kgwvzE4