Bitwise Appoints Author Jonathan Bier as Advisor on Initiatives To Support the Bitcoin Developer Ecosystem in 2025
San Francisco • February 20, 2025
The move reinforces Bitwise's commitment to the stewardship of the Bitcoin network in which its clients are invested.
Bitwise Asset Management, a premier crypto-specialist asset manager with over $12 billion in client assets, today announced the addition of Jonathan Bier as an advisor. The step follows the firm’s first annual donation of 10% of gross profits from its Bitcoin ETP to Bitcoin open-source developers. Bier will advise Bitwise on its contributions to the stewardship and development of the Bitcoin network.
A long-time member of the Bitcoin technical community, Bier is the author of The Blocksize War: The Battle for Control Over Bitcoin’s Protocol Rules, the canonical story of an important chapter in Bitcoin’s history. Bier serves as a board member of Brink, a leading non-profit supporting the Bitcoin protocol and network through fundamental research and development, and he is the Bitcoin Grant Program Administrator for Arthur Hayes’ Maelstrom Fund. Based in London, Bier's early career included working as an equity analyst on the Ruffer Japan Fund and the Ruffer Gold Fund. Later, Bier launched and managed the index behind a blockchain equity ETF at Brevan Howard's former cryptocurrency subsidiary Elwood Asset Management. Today, Bier serves as CIO of Farside Investors.
“Bitcoin is an unprecedented ecosystem of developers, thinkers, operators, and owners around the world aspiring for a better and freer system,” said Bitwise Chief Technology Officer and co-founder Hong Kim. “Bitwise and our clients want to see it succeed, and to that end, as Bitwise continues to grow we aim to do more to contribute to the development ecosystem. We’re thrilled to have the great benefit of Jonathan’s advice on how to do that the right way.”
“I am delighted to be joining Bitwise as an advisor,” said Bier. “I have met many Bitwise employees and members of the management team, and in those meetings I detected a genuine desire to support Bitcoin and help it succeed, as well as a real curiosity into Bitcoin. Bitcoin has been a tremendous success since it launched around 16 years ago. But this success is not because Bitcoin was a perfect gift from Satoshi. It is because of the hard work and determination of the people and companies that built, maintained, defended, and supported Bitcoin in the years after it launched. The same will be true in the future. Bitwise is definitely one of those companies, and I believe Bitwise's clients will understand and appreciate that.”
Founded in 2017, Bitwise is a team of over 100 technology and investment professionals with offices in San Francisco, New York, and London. The firm serves as a crypto-specialist asset management partner to thousands of wealth teams, RIAs, family offices, and institutional clients in the U.S. and Europe.
Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For seven years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 90 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco, New York, and London.
