Snapshot
Samara Asset Group CEO Patrick Lowry believes that Bitcoin is primed for a renaissance, offering immense opportunities for the next generation of fund managers. Despite the potential, many capital allocators are missing out on this opportunity.
Why It Matters
The recent fair value accounting rule changes by the FASB are expected to have a monumental impact on Bitcoin’s future, potentially more significant than the Bitcoin ETF. This shift opens up new avenues for investors and fund managers to capitalize on the growth of the cryptocurrency market.
By the Numbers
- 90-95% of crypto managers were wiped out during the 2022-2023 bear market
- Samara Asset Group is offering $1 million in seed capital to emerging bitcoin fund managers through the Bitcoin Alpha Competition
- Block (formerly Square) plans to invest 10% of the company’s gross profits into Bitcoin
What’s Next
As more companies follow in the footsteps of MicroStrategy and Metaplanet, investing heavily in Bitcoin, the playing field is wide open for new fund managers to emerge. The Bitcoin Alpha Competition, in partnership with Bitcoin Magazine Pro, aims to identify and support talented digital asset traders and researchers.
The Big Picture
The future financial system is likely to utilize the Bitcoin network at every level, from serving as a store of value to being the backbone of global financial commerce. As the market evolves, the opportunity for growth and innovation is immense, and those who are early movers stand to benefit the most.
What do you think about the potential for Bitcoin and the opportunities it presents for the next generation of fund managers? Leave a comment below with your thoughts.
