Fabio Frontini, fund manager of Malta-based Heka Funds, discussed the impact of MicroStrategy's acquisition of Bitcoin (BTC) on the BTC market. Frontini stated that while MicroStrategy's position is significant, it would not have a major impact on the Bitcoin ecosystem. He also talked about Heka Funds' arbitrage strategies, which involve taking advantage of price differences and interest rate differentials in the crypto market. Frontini expressed confidence in Tether's business model and stated that the bulk of its assets are safely held by Cantor, the largest US treasury broker. He refrained from making predictions about the future price of BTC but emphasized the importance of directing new investors to reputable and regulated institutional players in the volatile crypto market.
- Content Editor ( protos.com )
- 2025-01-09
Exclusive: Tether whale Heka thinks MicroStrategy is expensive