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cryptofreak

Alistair Milne says, Bitcoin's Comeback will lead to the largest ever FOMO

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Alistair Milne, co-founder and CIO of Altana Digital Currency Fund (ADCF) said in January that he remains bullish on Bitcoin, and he gave reasons to back up his idea.

Altana Wealth Ltd also called Altana is "a London-based asset management company based in London with an affiliate company based in Monaco." The company is regulated by the UK Financial Conduct Authority and it assists professional clients as well as eligible counterparties to manage their assets. 

The company, initially founded by Lee Robinson in April 2009, offers two crypto-focused funds for now: 

  • Altana Digital Currency Fund (ADCF): This fund aims to capture high volatility and outperform a passive investment. It invests much in Bitcoin as well as Cryptocurrencies having a market cap higher than $20M.
  • Altana Cryptocurrency Trade Finance (ACTF)

Lee Robinson and Alistair Milne co-founded ADCF and began trading in May 2014. ADCF won the award for the Best cryptocurrency/blockchain hedge fund, while Alistair Milne won the award for “Rising star (hedge fund or FoHF individual)” category, during the Hedge Funds Review’s European Performance Awards 2018 held in London on November 22nd 2018.

Milne, on Saturday explained via his Twitter account why he remains bullish on Bitcoin. He revealed that from the start (2014), his firm saw Bitcoin as an asymmetric investment opportunity. Clarifying further, he said that Bitcoin’s asymmetric nature still holds true till today, just the same way it did when ADCF first invested in Bitcoin. This means that the price of Bitcoin could drop further and also could reach its all-time high of almost $20,000 which it attained in December 2017. 

He went on to say that he will not sell when next Bitcoin attains the all-time high. He said:

Quote

The probability that Bitcoin matches its ATH price again and doesn't then continue past it seems very low.  Each wave of adoption is an order of magnitude bigger than the last. Price expectations of HODL'ers rises exponentially (I won't be selling at ~19k next time).

 

Milne then noted that as a result of Bitcoin’s wide recognition, the next comeback for Bitcoin will lead to a lot of retail investors buying the coin due to fear of missing out (FOMO):

Quote

Bitcoin has reached mainstream awareness (almost everyone has heard of it) and so when it proves it is 'not dead' yet again, the FOMO will be larger than ever... (imagine 100mil people buying). Not to mention the massive progress in helping institutional money participate.

 

Finally, he said that Bitcoin is the only cryptocurrency will surely survive the next 100 years:

Quote

It takes time for sentiment to change.  30-50million people owning crypto is not the industry's peak.  The next bull run will decide which public blockchains persist for the next 100 years.  I believe Bitcoin is currently the *only* sure thing.

 

 

 

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