Kinetics Internet Was No. 1, Up 56.9%, Boosted by Bitcoin

“I would take my salary in bitcoin rather than in U.S. dollars right now,” says Peter Doyle, co-founder and portfolio manager of Kinetics Internet Fund. That’s a stunning declaration, given the roller-coaster performance of the digital currency, which started 2017 worth less than $1,000, briefly soared to $20,000, and then in the final weeks of the year tumbled to $10,000. But Mr. Doyle simply is displaying his confidence in the disruptive possibilities of this and other alternative payment methods, and his fund’s...
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