HK: Bitcoin winner's cryptocurrency fund seeks to raise $100m

HK: Bitcoin winner's cryptocurrency fund seeks to raise $100m

Photo: Ratcliffe/Bloomberg

Jehan Chu says he’s got an early-mover advantage that will help his cryptocurrency fund stand out from the crowd.

The Hong Kong-based former art adviser started investing in bitcoin in 2013, when the digital asset saw its first major rally. Since then, prices have quadrupled, enabling Chu to quit his job, start a venture capital firm investing in blockchain technologies last year — and now, launch a cryptocurrency fund that’s seeking to raise $100 million. Part of that money is already in the bank and Chu has started investing.

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