$25 Billion Institutional Investors Coming to Bitcoin

ross stevens ceo stone ridge bitcoin microstrategy

Ross Stevens (pictured), the Founder and CEO of Stone Ridge Asset Management, said he is confident $25 billion is coming to bitcoin through NYDIG by the end of the year. “I’ve just got this order book, I’m not guessing, I see what’s happening” he said in a conversation with Michael Saylor of Microstrategy. It took NYDIG 1,200 days to reach the first billion, Stevens said. The last billion took just six days. Stevens revealed they have over $6 billion in bitcoin now, “between in the door and what’s committed from institutions.” “We are Vanguard-ising this asset class,” he said, revealing that last year they had 25 institutional clients. “Today we have 280 institutional clients.” In the first interview of its kind, Stevens said “all kinds of institutions are adopting bitcoin: public companies, private companies, hedge funds, private equity funds, credit funds.” The most conservative but also the most sophisticated, the…

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