Ross Stevens, Founder and CEO of Stone Ridge Asset Management, announced that his reserves are now in Bitcoin. Speaking with Michael Saylor during Microstrategy’s Bitcoin conference, Stevens said, “Our liquid reserves are in Bitcoin.”

 

 

“Bitcoin will continue to appreciate against the dollar.”

“Why do you think it is right to move reserves from fiat to Bitcoin?” Ross Stevens said:

“The only thing we have to believe is whether the dollar will depreciate relative to Bitcoin in the next 10 to 20 years. We have a high degree of confidence that the dollar will depreciate against Bitcoin in the long run. ”

“BTC is unlikely to go to zero.”

Stevens has not disclosed how much they keep in Bitcoin, but Stone Ridge partners have been buying the asset for years.

“We are conservative, corporate, professional risk managers. This is what we do to make a living, and therefore investors, including the most conservative investors in the world, have entrusted us $ 20 billion in our non-Bitcoin businesses. Bitcoin is risk free.

My partners and I received more BTC in 2020 than in 2013-2019, and as our fiat businesses continue to swell and accelerate, I hope we will get more bitcoin in the next two years than in the past 8 years. ”

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Stone Ridge is an investment manager with nearly $ 20 billion in assets under his management. In 2015, they started designing a full vertically integrated BTC service that only started rising last year.

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