Passport Capital launches Bitcoin hedge fund.

Passport Capital manages $4 Billion in assets and CIO John Burbank has set up a specific fund devoted to investing in Bitcoin and Blockchain related companies. The fund is investing in Bitcoin, Bitcoin Cash, Ethereum and companies such as Overstock that are working within the Blockchain technological framework.

John Burbank’s interview on CNBC can be viewed in full, to paraphrase his key points: ‘We’re anticipating that the significance of this technological change is going to become something that all institutions will want to invest it, they’re just not investing in it. We’re taking a long term institutional approach.’

Passport Capital is not the first hedge fund to invest in Bitcoin, it joins approximately 200 others with a total of $5 billion in Bitcoin exposure.

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