The Curious Case of Billionaires and BlackRock’s Bitcoin Gambit

These gentlemen, lauded for their acumen and derided for their hubris in equal measure, serve as exemplars of our age-a time when even the most august institutions seem willing to gamble on the capricious whims of Bitcoin. Both Englander and Schonfeld have outpaced the S&P 500 (^GSPC) over the past three years, while Englander and Steyer rank among history’s most profitable hedge fund managers. Yet one must ask: is this triumph born of wisdom or mere audacity?







