Questions
The questions family offices, RIAs, and their advisers ask before a first position.
Family Office Bitcoin is the practice of Veritas Bitcoin Strategies LLC, an investment adviser registered with the State of Oregon Division of Financial Regulation (CRD 306768). It designs governed, risk-managed Bitcoin allocations for family offices, registered investment advisers, and investors with significant long-term capital.
Eric Runge is the founder of Veritas Bitcoin Strategies and the author of Bitcoin and the Family Office, The Cost of Consensus, and No Position Is a Position. He writes and speaks on Bitcoin allocation policy for family offices and advisers, and publishes the First Principles Capital newsletter on LinkedIn.
There is no single correct number. Position size follows from the portfolio's objectives, liquidity needs, time horizon, and tolerance for drawdown, then gets written into the investment policy statement so the allocation survives volatility without ad hoc decisions. A deliberate zero is a valid outcome; an unexamined zero is not.
Most registered investment advisers use a qualified custodian that supports digital assets, so client holdings sit inside the same custody, reporting, and audit framework as the rest of the portfolio. The choice needs documented due diligence covering the custodian's controls, insurance, key management, and what happens in a failure scenario.
A defensible policy states the purpose of the allocation, the target size and rebalancing bands, the vehicle and custody arrangement, the due diligence performed, the risks disclosed to the client or principal, and the conditions under which the position would be increased, reduced, or exited.
Yes. The firm supports registered investment advisers who need a defensible allocation process, custody and vehicle selection, and language they can put in front of clients and a compliance review.
Schedule a 30-minute call through the Schedule page. It is a conversation about the current situation and whether there is a genuine fit, not a sales pitch.
These answers are educational and general in nature, are not personalized advice, and do not create an advisory relationship.
A 30-minute conversation to understand the current situation and whether there is a genuine fit. No pitch.
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