Ross Stevens, founder and chairman of New York Digital Investment Group (NYDIG), expects the volume of bitcoins managed by his company to increase significantly by the end of this year. In a conversation with MicroStrategy CEO Michael Sailor at the MicroStrategy World 2021 videoconference, Stevens said that NYDIG already has $ 6 billion in bitcoin, and by the end of 2021 this value could exceed $ 25 billion.
“I am confident that we will have more than $ 25 billion in bitcoin by the end of 2021. It’s in the order book. I am not guessing, I can see what is happening, ”he said.
NYDIG manages Bitcoin assets for 280 institutional clients. At least 96 more are waiting in line, Stevens said. NYDIG is limited to 75 clients per month, he said.
“I believe that the most important decision that business leaders will make over the next decade will be the decision to invest in bitcoin,” he added.
Stevens also said that not a single NYDIG client has so far expressed a desire to close a position on Bitcoin.
“My partners bought more bitcoins in 2020 than in the entire period from 2013 to 2019. I expect more purchases in the next two years. We are in charge of capital allocation. If we didn’t believe that we would make money on this, we would not have invested a cent, ”he said.
“I didn’t even realize that so many institutions were so active in this space,” said Sailor, whose company has already invested over $ 1 billion in bitcoin.
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