Ex-JP Morgan superstar Blythe Masters is getting into the Bitcoin business

Discussion in 'Crypto Assets' started by Banjo, Mar 12, 2015.

  1. Banjo

    Banjo

    marketsurfer likes this.
  2. Pekelo

    Pekelo

    She is just following her exhusband who a year ago made a nice off shore tax shelter bitcoin fund:

    http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494

    "The advantage of investing in an offshore Bitcoin fund? “You can buy shares in it and profit off the return on your Bitcoin, and we’re not paying taxes,” Masters explains. (By this, Masters does not mean investors don't have to pay taxes on Bitcoin returns in their own home jurisdictions -- they do. But investors will benefit from the fact that the Jersey fund can preserve capital via the island's light-touch tax regime, which charges hedge funds less than other jurisdictions.)"

    He also said when price was around $550 last year:

    "he estimates the value of Bitcoin could rise to $2,000 or more. "
     
    Last edited: Mar 12, 2015