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2021-01-15


Arca Chief Investment Officer: Buying EOS is the equivalent to buying BTC at half price

buy-eos-is-equivalent-to-buying-btc-half-price

Today, Jeff Dorman, chief investment officer of hedge fund Arca, updated Twitter to express his bullishness on EOS. According to Jeff, buying EOS right now could be equivalent to buying Bitcoin at a 47% discount. This interesting argument caught everyone's attention, great content.

Jeff Dorman is Arca's Chief Investment Officer, where he leads the Investment Committee and is responsible for portfolio sizing and risk management. He has over 17 years of trading and asset management experience at firms such as Merrill Lynch and Citadel Securities. The advice given by such a professional is worthy of our attention and consideration.

Anyone want to buy $BTC at a 47% discount to current prices? Here's how you can do it.

I can't believe I'm saying this, but $EOS might actually be the best risk/reward in digital assets right now due to their massive #Bitcoin holdings.

1-en

First, let's talk risk/reward. Over the past 2 years, $EOS is the only well-known token other than $XRP that is not higher. In fact, it has underperformed by a LOT.

Even other zombie projects are up 300-1000%

That's a nice start for an investment -- low downside, relatively

2-en

Next, the math:

Block One owns 140,000 $BTC. At $2.77, the market cap of $EOS is $2.6 bn, which is only 47% of the value of their BTC holdings.

That means by buying $EOS, you are actually buying $BTC at $18,771. Huge discount.

The question is "can you unlock this value"?

3-en

In response to the huge market cap gap between EOS and Block.one's BTC holdings, Jeff goes on to say. At this point, either EOS & BrendanBlumer need to

1) create value for $EOS holders ASAP 2) Return the capital 3) Expect huge lawsuits

Any 1 of those 3 options will unlock this value, and close the gap between EOS' market cap and the value of the $BTC on their balance sheet.

4-en

Jeff Dorman is Arca's Chief Investment Officer, where he leads the Investment Committee and is responsible for portfolio sizing and risk management. He has over 17 years of trading and asset management experience at firms such as Merrill Lynch and Citadel Securities. The advice given by such a professional is worthy of our attention and consideration.

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