$7B asset manager Horizon Kinetics invests in Bitcoin (BTC) amid inflation

Wed 28 Jul 2021 ▪ 21h15 ▪ 3 min read — by Violaine Silverstein

Peter Doyle, co-founder of a $7 billion (~£5.05 billion) asset manager Horizon Kinetics, told the Financial Times that the company bets on crypto and real estate to combat inflation.

Rising price of Bitcoin (BTC)

In its Paradigm fund, Horizon Kinetics offers investors exposure to Bitcoin as a hedge against inflation, and so far this approach appears to be effective. According to Doyle, people should have access to digital assets. He also noted that inflation makes Bitcoin an attractive asset considering its limited supply.

“There is no turning back after the pandemic and globally there is a debt problem and it means either default or currency debasement,” Doyle told the Financial Times.

In addition to cryptocurrencies, Horizon Kinetic invests in real estate. The company holds stakes in Texas Pacific Land, a Canadian property developer Dream Unlimited and an asset manager Brookfield Asset Management.

New monetary benchmark

“Our investment philosophy is owning companies that are managed with a long-term focus and we want investors to think the same,” Peter Doyle said.

He also added that “the best long-term investors tend to have concentrated portfolios and low turnover in holdings as they let the companies they own grow and compound returns.”

A few months ago in May, Larry Fink, head of a $9 trillion (~£6.48 trillion) asset manager BlackRock, said cryptocurrencies had high long-term potential. However, in July he noted minimal customer interest in digital assets.

Horizon Kinetics, a $7 billion (~£5.05 billion) asset manager, invested in Bitcoin amid high inflation. The company believes it is the right thing to do in the current economic climate. We will see how cryptocurrency markets develop in the face of the pandemic and inflation, and there are a lot of bets for BTC to become the new stable monetary benchmark.

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Violaine Silverstein avatar
Violaine Silverstein

Quand j’ai commencé dans les cryptos il y a 3 ans, il y avait plus de 95% d’hommes et encore très peu de femmes, bon ça n'a toujours pas beaucoup changé, mais les choses bougent et je suis fière de representer les femmes dans ce milieu très technique qui est passionnant et plein d'avenir.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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