“Our Reserves Are Now in Bitcoin” Says Stone Ridge CEO

ross stevens stone ridge bitcoin

“For us everything gets cheaper… for us everything is on sale.” So said Ross Stevens, the Founder and CEO of Stone Ridge Asset Management, in revealing their reserves are now in bitcoin. “Our liquid reserves are in bitcoin” he said while talking to Michael Saylor during Microstrategy’s bitcoin conference. “Our team asked: what do we have to believe to be true to move reserves from fiat to bitcoin?” – Stevens said. “If allowed to focus on only point to point, the only thing we have to believe is whether in the next 10 to 20 years the dollar will depreciate relative to bitcoin. We have a high degree of confidence that the dollar will depreciate against bitcoin in the long term.” Stevens did not reveal how much they hold in bitcoin, but Stone Ridge partners have been buying the asset for years, eventually leading to the formation of NYDIG. “So…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE