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

Source: Daily Planet

Jeff Dorman, chief investment officer of hedge fund Arca, updated Twitter to express his optimism about EOS. In an initial tweet, he said:
Anyone want to buy Bitcoin at a 47% discount to the current price? You can do that.
I can’t believe I’m telling you this, but due to the large amount of Bitcoin held by the EOS project, it may be the best risk/reward of all digital assets right now.

Jeff further elaborated on this idea:
First, let’s talk about risk/reward. In the past two years, EOS is the only token other than XRP that has not broken through its previous high. In fact, it has fared far worse.
Even other junk projects have seen gains of 300-1000%, which is a good start for investing - the downside is relatively low.

Jeff then further proved his idea through calculations:
Block.one owns 140,000 bitcoins. At $2.77, EOS’s market cap is $2.6 billion, just 47% of the value of its bitcoin holdings.
This means that by buying EOS, you are actually buying BTC at $18,771. This is a huge discount.
The question is “Can you unlock this value?

Regarding the huge market value gap between EOS and BTC held by Block.one, Jeff went on to say:
At this time, EOS and Brendan Blumer need
1) Create value for EOS holders as soon as possible
2) Return of raised funds
3) Expect huge lawsuits <br />Any of these three options would unlock value and close the gap between EOS market cap and the USD value of Bitcoin on the balance sheet.

Jeff Dorman is Arca’s Chief Investment Officer. He leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at companies such as Merrill Lynch and Citadel Securities. The opinions given by such a professional are worthy of our attention and consideration.