Family offices are allocating money to Bitcoin from two opposing ends of the risk-return spectrum, according to the founder of a fund dedicated to the digital currency.
The Bitcoin Investment Trust, launched in September last year, currently has net assets of $53.9 million (€39.5 million) with around 150 investors, and New York-based founder Barry Silbert says family offices are one of three main groups invested in the private fund.
The others are tech entrepreneurs and Wall Street executives.