Post
Topic
Board Speculation
Re: Shouldn't new Fund GABI aka Global Advisors Bitcoin Investment Fund boost price?
by
elux
on 29/07/2014, 17:01:26 UTC
a hedge fund should have some strategy.  If they just buy & hold, heck you can do that yourself

I agree, however GABI hasn't even launched yet.  The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC?  I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position.  I'm no wall street guru, but I'd think that kind of activity is illegal.

The founder was a oil futures trader so I'm curious to what he plans to do w bitcoin

Trader? I suppose you could say that. He was the Global Head of Energy Trading at JPMorgan for six years.