Crypto Fund CIO: When Bitcoin Makes a Comeback, ‘FOMO Will Be Larger Than Ever’

Siamak Masnavi

On Saturday (January 19th), Alistair Milne, the Monaco-based Co-Founder and Chief Investment Officer (CIO) of cryptocurrency-focused hedge fund Altana Digital Currency Fund (ADCF), said that he remained bullish on Bitcoin (BTC) and explained why.

Altana Wealth Ltd (“Altana”) is "an asset management company based in London with an affiliate company based in Monaco." Altana "manages assets on behalf of professional clients and eligible counterparties," and is "regulated by the Financial Conduct Authority in the UK." 

This award-winning asset manager, which was "originally established in April 2009 by Lee Robinson to manage his personal estate," currently offers two crypto-focused funds:

  • Altana Digital Currency Fund (ADCF). This actively-managed fund goes "long and short aiming to capture the excess volatility and outperform a passive investment", and invests "mostly in Bitcoin, but also trades other cryptocurrencies (Bitcoin Cash, Litecoin and Ethereum) with a market cap > $20 million."
  • Altana Cryptocurrency Trade Finance (ACTF).   

ADCF was "co-founded by Lee Robinson and Alistair Milne and started trading in May 2014." At Hedge Funds Review's "European Performance Awards 2018" (which took place on 22 November 2018 in London), ADCF won the "Best cryptocurrency/blockchain hedge fund" award, and CIO Alistair Milne won the "Rising star (hedge fund or FoHF individual)" award.

On Saturday, Milne took to Twitter to explain why he remained bullish on Bitcoin.

Milne started his tweetstorm by saying that right from the beginning (2014), his firm saw Bitcoin as an "asymmetric investment opportunity" and explained what this meant:

He then pointed out that this asymmetric nature of Bitcoin remained true today just as it did back when ADCF first started investing in Bitcoin, and that this meant that the Bitcoin price could easily fall further and it could also once again get to the all-time-high (almost $20,000) that was reached back in December 2017:

Next, he explained why the next time Bitcoin reaches that all-time-high, he won't be selling:

Then, Milne noted that due to wide public awareness of Bitcoin, the next time that Bitcoin makes a comeback, the fear of missing out (FOMO) could result in a huge number of retail investors buying Bitcoin:

Finally, Milne said that the only cryptocurrency that he felt sure would still be around 100 years from now was Bitcoin:

 

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