Blockchain
Launching a New $100 Million Blockchain Fund for Investors
Blockchain Asset Management founder Rahaman Kargar has announced that his company is only launching a new $100 million blockchain fund for accredited investors. The new fund aims to attract investors into the rapidly expanding Bitcoin market.
To join, investors need an annual income of more than $200,000 or a net worth of more than $1 million. The timing of the fund coincides with that Bitcoin halving eventwhich should increase the value of Bitcoin by reducing inflation.
The fund began operations in February this year, after a long operational phase that involved establishing a reliable operational base and creating a risk mitigation and return optimization strategy. Indeed, Blockchain Asset Management LLC has already raised considerable capital and attracted its first group of investors with a minimum deposit of $100,000 per capita.
Kargar expressed hope in the upcoming unveiling of the sovereign wealth fund. He stressed that the well-managed wallet is ready to face obstacles coming from the blockchain and cryptocurrency world. To ensure optimal long-term risk-adjusted returns, the fund spreads its investment across a risk/return portfolio.
The fund’s general partner, Mark Palombo, said he wants to increase accessibility and democracy in cryptocurrency investing.
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