This is a case in Russian that adapts and builds on the January 29, 2018, version of UVA-F-1819. It describes a hypothetical hedge fund manager who is examining whether to invest in bitcoin. The case discusses the potential risks and rewards of investing in bitcoin, the role of bitcoin and digital currencies more broadly, and financial innovation in the space, such as ICOs. This case includes information on the European cryptocurrency market and regulation. It can be taught as part of a second-year MBA elective course in investments, financial institutions/capital markets, or fintech.