A Bold Move in Crypto Investment
Drumroll, please! The world of cryptocurrency is buzzing once again as Bitcoin.com, driven by the tenacious Roger Ver, is launching a whopping $200 million Bitcoin Cash (BCH) investment fund. Using a microphone effectively at a Bitcoin Cash meetup on November 19 in London, Ver spilled the beans about this monumental news, which he later tweeted on November 20. Hosted by Blockchain.com, a heavyweight in global crypto wallets, this event was the perfect stage for such an announcement.
What’s in the Fund?
So, what’s the scoop? This new Bitcoin Cash Ecosystem Fund isn’t just any fund; it’s laser-focused on revolutionizing payment solutions and non-custodial financial services specifically for Bitcoin Cash. For those not in the know, BCH emerged from the ashes of a Bitcoin hard fork back in August 2017 – a change born from deep philosophical divides over how to scale and speed up transactions.
Investing in the Future
The BCH Ecosystem Investment Fund aims to be the go-to conduit for capital in payment gateways, remittance processors, wallet solutions, and merchant acquirers. As per the whispers in the investment community, even institutional investors will have a seat at the table. Why? Because money talks, and Bitcoin.com’s new CEO, Stefan Rust, has reportedly unearthed about 20 potential institutional investors ready to walk the yellow brick road alongside Ver.
Bitcoin.com: From Possibly Confused to Clear and Bold
Once upon a time, Bitcoin.com was just a website buzzing around the realms of Bitcoin (BTC) and Bitcoin Cash. Nowadays, it’s transformed into a comprehensive platform offering crypto trading and storage solutions. Since Roger Ver acquired the domain back in 2014, Bitcoin.com has been gradually rolling out an impressive suite of services, including launching their own crypto exchange in September 2019. This platform now accepts a potpourri of cryptocurrencies, from XRP to Litecoin (LTC) and EOS.
The Rising Tide of Crypto Funds
But wait, there’s more! Bitcoin.com isn’t the only entity discovering the world of crypto funds. Just yesterday, Michael Novogratz’s Galaxy Digital announced the initiation of two Bitcoin funds targeting the increasingly affluent group of Americans aged 50 to 80. Meanwhile, ConsenSys’ chief strategist Sam Cassatt revealed plans for his new blockchain venture, Aligned Capital, which seeks to raise $50 million for its debut fund. Buckle up, because the surge of new crypto-related funds is only just beginning!
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