As the first U.S. Bitcoin investment firm, Pantera Capital mainly focuses on tokens and projects related to crypto assets. Its chief executive officer, Dan Morehead (CEO) recently claimed that even if bitcoin fails, the Pantera fund would still not disappoint the crypto investors and they would continue to make money.
The above-mentioned words of Morehead were a part of his statement, which was included in a letter sent to Pantera’s investors. According to Dan Morehead in case any bad luck they could even make use of Pantera’s ICO Fund. Though Pantera´s ICO Fund lost about 25 percent of its value last year, it is still up more than 200 percent of its value since its creation. Pantera Capital is famous for exploring and growing digital coin ventures.
Facts behind Pantera’s Success Strategy
After its huge success with Bitcoin, Pantera has expanded its mode of investments to buy other digital tokens. Most prominent one of these is the Pantera Digital Asset fund, which currently holds 25 cryptocurrencies. Many of these tokens were introduced through the ICOs (initial coin offerings).
Advice For The Investors
A letter was sent to the investors by Morehead in which it was noted that if bitcoin fails, the hedge will still work well. Taking an example of Pantera’s ICO Fund, he highlighted that it’s going to be still positive for them. In his letter, Dan Morehead, advised investors to have 1 or 2 percent of their portfolio invested in blockchain technology. He further explained that he was not certain either blockchain will be able to make a return of 20,000% again or not.
It was also revealed by Morehead that he is optimistic about ICOs, as he expects their thriving success to be similar to the 90s IPO boom, however it’s much bigger if they’re compared. ICOs have been under pressure lately, as dozens of subpoenas have been issued by the US SEC (Securities and Exchange Commission).
The Bitter Example Of Amazon
Morehead further elaborated his point by presenting the example of Amazon. If someone remembers, Amazon was a major investor behind Pets.com. Although the company was filed for bankruptcy, Amazon CEO Jeff Bezos still managed to earn an intense amount of wealth due to his innovative set of strategies.
According to Morehead this was only because Bezos’ investment strategy was to put his money in more than one companies, and he did so to make sure that he had exposure to the ultimate winners.
After the bankruptcy of Pets.com, Amazon’s shares came down to 4,000 percent which still is a handsome amount and that’s why Bezos is one of the richest people on earth as he’s still worth over 130 billion dollars.
If you’re looking for a new luxury apartment, you might be surprised to know that now you can actually purchase one with bitcoins.
Recently, Dubai had announced an apartment project where Bitcoin owners can purchase these chic apartments.
Well, Turkey isn’t far behind as the owner of the MiaVita Beytepe project in Ankara, Turkey just announced that their very own luxury apartments are available for purchase using the digital currency.
Erdal Daldaban, the project manager firm owner, had enthusiastically said:
“We decided to make sales via Bitcoin, which has recently attracted the attention of Turkish investors with its recent value route, considering that we could also attract the attention of our customers who appreciate their investments like this.”
Daldaban says this is the reasonable next step:
“Bitcoin and digital money has become an element that can no longer be ignored by the global economy.”
This is mainly because of its current value in the market and the increase in its adoption around the world.
During last week, a home in Austin, Texas was bought using bitcoin news and a house in London was put up for sale on a minimum price of 500 bitcoins.
News Credits: steemit.com
Image Credits: fox40
Tags: Bitcoin Turkey, Bitcoin trading
As we know blockchain has created the great impact all over the world. In India, the situation is quite different. Blockchain technology is considered as nascent technology. There are many controversies regarding the status of Bitcoin in India. Joint director,head-corporate affairs and capital market division of ASSOCHAM Santosh Parashar said,”all insecurities and controversies are due to the lack of knowledge about this technology”.
Bitcoin Startups in India
India’s going to assert itself in financial technology
This technology is Legal or illegal. These are two different aspects. Both are in discussion. Santosh said , the technology holders have not come from Neverland, but their work based on experiences. What is the future of blockchain in India? Future is uncertain. We know that India is known as IT hub for more than a decade, but things could soon take an even better turn as the country carries huge potential to create the same story in financial technology.
Global Summit platform
On 21st April 2017, the second Global Summit will be held in Bangalore. The summit will serve as a platform to discuss all the insecurities, challenges and opportunities linked with blockchain technology. It will try to work out the future of digital currency in India.
Summit will focus the impact of this technology on different sectors including banking, insurance and on different financial technology sectors.
A few years ago, the Reserve Bank of India issued a warning in relation to the purchase of Bitcoins. Now the Central Bank has released the updated version of the warning.
Earlier this year, the government of India was going to ban Bitcoin. As Some largest countries of the world like China, US, Japan tried to ban the technology, but due to the ever-growing interest from common folk, couldn’t implement it.
Can you hear us??
Local Bitcoin’s group wants to meet with financial technology sectors. They want to explain their point of view regarding blockchain technology. block chain’s trade process and how you can earn from bitcoin. At this point, digital assets and blockchain foundation characterize the interest of the domestic industry. local bitcoin’s group make it clear that they want to maintain the transactions, and will promote the blockchain in India as well. For that purpose, they want to create meetings. Bitcoin exchange Unocoin were also there.
“We request the committee to give us an opportunity to meet them and showcase the benefits of this technology for our country. Financial inclusion, cheaper cross-border remittance, full trace and track on the movement of value on the blockchain network, and the potential for India to become a financial hub are key benefits that can be derived using virtual currencies.”
So, a message from Local Bitcoins group has changed the wind, and positive waves are starting to flow in India. Last week, India declared that they’d soon be taking part in Bitcoin trades, while revealed a committee that will develop and report back to tech. several government departments and country’s central banks are also taking part.
Tags: bitcoin price in India, buy bitcoin India