The day after. With President Donald Trump recently signing the creation of a strategic Bitcoin reserve, some in the financial industry are concerned about how long this political support will last. This is particularly the case for Eric Semler, founder of hedge fund TCS Capital Management and head of Semler Scientific, who believes his peers are skeptical about Bitcoin's future after Trump leaves the White House.
Donald Trump has signed the creation of a strategic Bitcoin reserve, raising concerns among some financial players about the sustainability of this support.
Eric Semler, founder of TCS Capital Management, has continued to invest heavily in Bitcoin, seeing the prevailing skepticism as a promising investment opportunity.
Hedge funds think Bitcoin is a fleeting concept
In a recent interview with Natalie Brunell, Eric Semler stated that many hedge funds still view Bitcoin as a “passing concept” that could lose its value after the Trump administration. He added that this negative perception of BTC by the traditional financial industry is actually a bullish signal for him:
"When you bet on something the majority doesn't believe in, and you're right, you make a lot more money."
Eric Semler, founder of the hedge fund TCS Capital Management – Source: Compte X
He also recalled that he built his career by going against the prevailing trends: "The best investments I've ever made have been in things where I was kind of the only voice crying in the wilderness!"
Eric Semler continues to invest heavily in BTC
Despite the skepticism of his peers, Eric Semler continues to invest heavily in Bitcoin. In May 2024, his company, Semler Scientific, became the second publicly traded company in the United States to adopt a Bitcoin treasury strategy. It plans to multiply its treasury by 20 over the next two years, from 4,449 to 105,000 BTC!
And he's not the only one betting on Bitcoin. According to a survey conducted by the Alternative Investment Management Association and PwC, 47% of hedge fund managers operating in traditional markets have exposure to cryptocurrencies. This figure rose to 29% in 2023.
While some in the crypto industry are concerned about Bitcoin's future after the Trump administration, others, like Eric Semler, see it as an investment opportunity. He continues to bet big on Bitcoin, despite skepticism from his peers.
