Practical aspects of
Bitcoin hedge fund.
Part 3: Bitcoin fund
Gatis Eglitis, Managing Partner
Sergey Troshin, Ph.D., Head of IT Strategy and Operations
1. 2010 - EXANTE ATP & BO, strong IT focus
2. 2011 - Maltese brokerage licence
3. 2012 - Hedge fund platform & bitcoin fund
The use of money is all the advantage
there is in having money.
1.Store of value
3.Unit of account
before XI BC - barter
XI BC, China - bronze knives and spades
VI BC, Lydia - electrum coins
XI AD, China - paper money
XXIX AD, Europe - gold standard
1944, USA - Bretton Woods system
1971, USA - fiat currencies
State of the art
Commodity Currency Derivatives
Although some of the enthusiasm for bitcoin is driven by a distrust
of state-issued currency, it is hard to imagine a world where the
main currency is based on an extremely complex code understood
by only a few and controlled by even fewer, without accountability,
arbitration, or recourse.
Francois R. Velde, senior economist (Chicago Fed Letter)
Yep, sounds like the dollar.