Bitcoin Hedge Fund Proliferation

My latest post for Alpha Baskets is posted and includes the following;

There is a do-gooder aspect to this that is interesting. I mentioned a while back having met someone very involved in Bitcoin who felt strongly that one of the big features of Bitcoin is that no government can debase it. This ties in with the NYT article talking about the banking system being rigged, only benefitting a few people and that Bitcoin can distribute the wealth more equitably. I am not sure how true this in terms of reports about how concentrated Bitcoin is, the article noted that 4% of Bitcoin holders might own 95% of the tokens.

Please click through to read the entire post.

Also, please check out my latest post at TheMaven which looks at a new multi-asset ETF that targets a 7% payout.

Ruins from the Blue John Mine here in Walker.

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