Bitwise Asset Management, a premier crypto-specialist asset manager with over $12 billion in client assets, today announced the addition of Jonathan Bier as an advisor. The step follows the firm’s first annual donation of 10% of gross profits from its Bitcoin ETP to Bitcoin open-source developers. Bier will advise Bitwise on its contributions to the stewardship and development of the Bitcoin network.
A long-time member of the Bitcoin technical community, Bier is the author of The Blocksize War: The Battle for Control Over Bitcoin’s Protocol Rules, the canonical story of an important chapter in Bitcoin’s history. Bier serves as a board member of Brink, a leading non-profit supporting the Bitcoin protocol and network through fundamental research and development, and he is the Bitcoin Grant Program Administrator for Arthur Hayes’ Maelstrom Fund. Based in London, Bier’s early career included working as an equity analyst on the Ruffer Japan Fund and the Ruffer Gold Fund. Later, Bier launched and managed the index behind a blockchain equity ETF at Brevan Howard’s former cryptocurrency subsidiary Elwood Asset Management. Today, Bier serves as CIO of Farside Investors.
“Bitcoin is an unprecedented ecosystem of developers, thinkers, operators, and owners around the world aspiring for a better and freer system,” said Bitwise Chief Technology Officer and co-founder Hong Kim. “Bitwise and our clients want to see it succeed, and to that end, as Bitwise continues to grow we aim to do more to contribute to the development ecosystem. We’re thrilled to have the great benefit of Jonathan’s advice on how to do that the right way.”
“I am delighted to be joining Bitwise as an advisor,” said Bier. “I have met many Bitwise employees and members of the management team, and in those meetings I detected a genuine desire to support Bitcoin and help it succeed, as well as a real curiosity into Bitcoin. Bitcoin has been a tremendous success since it launched around 16 years ago. But this success is not because Bitcoin was a perfect gift from Satoshi. It is because of the hard work and determination of the people and companies that built, maintained, defended, and supported Bitcoin in the years after it launched. The same will be true in the future. Bitwise is definitely one of those companies, and I believe Bitwise’s clients will understand and appreciate that.”
Founded in 2017, Bitwise is a team of over 100 technology and investment professionals with offices in San Francisco, New York, and London. The firm serves as a crypto-specialist asset management partner to thousands of wealth teams, RIAs, family offices, and institutional clients in the U.S. and Europe.
RISKS AND IMPORTANT INFORMATION
No Advice on Investment; Risk of Loss: Prior to making any investment decision, each investor must undertake its own independent examination and investigation, including the merits and risks involved in an investment, and must base its investment decision—including a determination whether the investment would be a suitable investment for the investor—on such examination and investigation.
Crypto assets are digital representations of value that function as a medium of exchange, a unit of account, or a store of value, but they do not have legal tender status. Crypto assets are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies, stocks, or bonds.
Trading in crypto assets comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks and risk of losing principal or all of your investment. In addition, crypto asset markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.
Crypto asset trading requires knowledge of crypto asset markets. In attempting to profit through crypto asset trading, you must compete with traders worldwide. You should have appropriate knowledge and experience before engaging in substantial crypto asset trading. Crypto asset trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price.
The opinions expressed represent an assessment of the market environment at a specific time and are not intended to be a forecast of future events, or a guarantee of future results, and are subject to further discussion, completion and amendment. The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
In the United Kingdom, this communication is made and directed only at persons who fall within an exemption to the restriction on financial promotions.
