Bitcoin in a post-Trump world worries hedge fund execs: Eric Semler
Eric Semler says he enjoys being the “lone voice crying in the wilderness” with Bitcoin as most hedge fund executives think Bitcoin is a “fly-by-night concept.”
Eric Semler, chairman of healthcare tech firm Semler Scientific Inc., says many of his hedge fund peers are skeptical about Bitcoin’s future once US President Donald Trump leaves office.
“I think that they think it is a fly-by-night concept and that it is probably going to, after the Trump administration, go back down a lot,” Semler told Coin Stories host Natalie Brunell on Thursday.
Semler, who also founded hedge fund TCS Capital Management in 2001, made his comments amid skepticism within the crypto industry about how long political support for crypto will last after US President Donald Trump’s administration ends. While Trump recently signed off on a Bitcoin (BTC) Strategic Reserve, some, like JAN3 founder Samson Mow, are concerned that support may potentially unravel under a future president.
