Who is Blythe Masters? "Blythe Sally Jess Masters (born 22 March 1969) is an economist and former head of Global Commodities at JPMorgan Chase. From 2004-2007, she was Chief Financial Officer of JPMorgan Chase's Investment Bank and previously served as the Head of Global Credit Portfolio and Credit Policy and StrategyThis is Blythe masters ex husband " Wikipedia Responsible for the structuring and distribution of credit derivative products at J.P. Morgan She created the Credit Default Swap...... that ended up well ----------------------------- Well her ex husband who is a veteran commodities trader from JPM just joined/launched an offshore Bitcoin hedge fund. Interesting. "Ex-J.P. Morgan Trader Joins Bitcoin Bulls Launching Hedge Funds" http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494
âThe way I see it, Bitcoin is just another commodity, like oil, Masters says. .....The state of Bitcoin is a lot like the state of the oil market 25 years ago, where you had a lot of these transactions happening merchant to merchant, this product that everyone wanted and could use but whose prices were very, very volatile, very shaky.â âImagine being able to walk into a car dealership, scan your phone over the price tag of the vehicle you want, and, in an instant, youâve paid, youâve updated your carâs ownership information, insurance, vehicle registration,â "âI expect a lot of these alternative investments will soon breed a number of different services, such as insurance and storage, with the increase of people carrying Bitcoin wallets and merchants taking more Bitcoin,â he says." âItâs a very interesting alternative asset for investors,â he says. âUsually, you see volatility being regarded as a negative, but if youâre an institutional investor, itâs seen as a good thing, because if youâre an astute trader, you can capture the upward price movement and profit off it.â
They have 200 million in capital already for the 8-1-2014 launch or are raising 200 million for the initial fund? When do they start buying BTC? It could get very interesting if/when Wall Street raises $1 billion + and starts chasing a float of maybe 2-3 million available bitcoins.