Coinspeaker Billionaire Hedge Fund Manager Eyes $1 Billion Crypto VentureSuperstar Hedge fund manager Alan Howard has decided to create a unique enterprise which will forever change the crypto space. Created by the UK Crypto asset management firm Elwood management, the system which is currently under development will create opportunities for crypto hedge funds and other institutions who wish to profitably sail through the waters of the crypto-verse.Elwood Asset management are the custodians of Billionaire Alan Howard and other high net worth individuals who have identified opportunities to make profits from the new and exciting world of cryptocurrencies.How the New Platform Will WorkCryptocurrencies, in general, are volatile by nature. Prices are known to swing wildly. This creates great opportunities but also comes with extreme risks. The new platform which is still yet unnamed will highlight the opportunities that will create a safe zone for all participants.The system will then create opportunities based on the identified opportunities and create a portfolio which will assist in the decisions made.Bin Ren who is the CEO of Elwood Asset Management has said that Alan is assisting Elwood to identify potential clients.Crypto Hedge Funds Finally Have a Way OutCrypto funds haven’t had a stellar performance since they came on the scene. Most of them have what it takes, however, cryptocurrencies haven’t been measured and analyzed in this way and manner. This provides tools which can be used in practical use-case scenarios.Bin Ren spoke with the Financial Times and said:“Losing traditional assets in the real world is hard. In the digital world, it’s very easy to lose assets — put in the wrong address for a bitcoin transfer and it’s gone forever.”Ren further explained that Alan had identified potential participants who have met Elwood’s criteria in terms of due diligence. This is cheering news for the once-moribund crypto hedge fund space.Elwood has Been Busy Making Things HappenThis isn’t the first foray of Elwood Asset management into the crypto space. Elwood earlier this year (in March) created the Elwood Blockchain Global Equity index. The index is calculated by Index provider Solactiv AG will help boost cash inflows in the crypto space.In July Elmwood Asset Management agreed with Invesco Asset Management Limited (Invesco Japan). Both parties announced the launch of the Invesco Global Blockchain Equity Fund.The equity fund aims to help deliver on the performance of the Invesco Elwood Global Blockchain ETF which was created in March.Other Corporate Crypto Projects are Making Giant StridesThe crypto institutional market seems to be moving in the general direction of buoying up the whole sector. Telegram which has raised more than $1.7 Billion recently is one great example of this.The truth though is that cryptocurrencies are still an emerging market and most people who invest may not be able to recoup their investments at the expected times. The ICO boom and bust should serve as a lesson to all.Billionaire Hedge Fund Manager Eyes $1 Billion Crypto Venture
784,000 Bitcoin Addresses Now Hold 1+ BTC: Will It Affect the Price?
Thursday January 23, 2020
Coinspeaker 784,000 Bitcoin Addresses Now Hold 1+ BTC: Will It Affect the Price?There’s good news for Bitcoin investors and enthusiasts! The study of some on-chain metrics and Bitcoin wallets shows that the world’s largest cryptocurrency has been in the accumulation zone over the last 12 months.As on January 14, nearly 784,000 addresses were holding one […]
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