Netagio

Blythe Masters’ Ex-Husband Launches Bitcoin Hedge Fund from the Island of Jersey

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Screen Shot 2014-07-11 at 2.11.01 PMBlythe Masters is perhaps the most maligned human being on earth by silver investors due to suspicions of JP Morgan’s manipulation in the silver market. Well she’s back in the news, but it has nothing to do with silver. Rather, the news relates to the fact that her ex-husband and commodities traders, Daniel Masters, has just launched a Bitcoin hedge fund from the island of Jersey, a British Crown dependency.

We learn from Newsweek that:

Daniel Masters, a 50-year-old veteran commodities trader, started working for some of the largest companies in the world right out of university, trading in London, New York and Zug, Switzerland, for JPMorgan Chase and Phibro before moving on to the New York Mercantile Exchange, a short walk from Wall Street. By all appearances, it was your standard Wall Street career.

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GoldMoney Adds Bitcoin to its Suite of Services

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The explosion in the price and popularity of Bitcoin over the past six months has caused a major rift within the precious metals community. It is quite clear which side I am on, and quite frankly, I am having a hard time understanding the outright hostility toward Bitcoin from many gold and silver stackers. The disdain toward Bitcoin borders on dogmatic religious type hostility characterized by a “gold and silver or nothing” mentality, while the attitude from folks in my camp consists of a “let’s support this experiment and see how it works” mentality, while still maintaining a very positive stance on the precious metals as a store of value. As I have said many times before, gold is a store of value, while Bitcoin is primarily a disruptive technology and innovative payment system that is now in direct competition with the traditional financial system. Seeing value in one, doesn’t preclude seeing value in the other.

It appears that the folks at GoldMoney understand this, and have just announced Bitcoin cold storage as a new service.

From the the UK’s Independent: 

One of the UK’s leading precious metals storage firms is adding an altogether more unusual commodity to its vaults – Bitcoin.

GoldMoney Group, which holds $1.4 billion worth of precious metals for customers, is setting up a new business specializing in “cold” storage of Bitcoin, an increasingly popular digital currency. Netagio will encrypt Bitcoins and store them on offline storage devices in secure vaults.

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