Kentucky Bourbon: A Liquid Gold Investment
In a bold step towards innovation, Wave Financial Group has launched its Kentucky Whiskey 2020 Digital Fund, aiming to tokenize a staggering $20 million worth of whiskey. On September 11, the fund celebrated its initial investment round, marking the purchase of a tantalizing 1,000 barrels of smooth Kentucky bourbon from the Wilderness Trails distillery. If only stock market shares aged this well!
The Aging Process: How Time Works Wonders
For the whiskey enthusiasts who also fancy themselves as savvy investors, here’s where the fun really begins. As per the fund, these barrels are set to appreciate in value during their aging process, which takes about 5 to 6 years. Imagine the magic: from around $1,000 per barrel sipping smoothly to a robust $4,000 per barrel. Retirement savings? More like retirement sipping!
Investor Insights: Strong Returns in a Solid Barrel
Benjamin Tsai, the fund manager, weighed in enthusiastically, explaining that investing in aging Kentucky bourbon is akin to taking a sip of stability.
“Our extensive research has shown that the returns from ageing Kentucky bourbon are very stable and strong over the circa 5 year period it spends in barrels before being bottled,”
he remarked, clearly raising spirits on all fronts. He’s not just selling whiskey; he’s selling confidence.
Tokenization: The Modern Twist
For those worried about long-term commitments (looking at you, commitment-phobes), wave goodbye to your fears! The holdings will be tokenized in the second year, allowing early exits. So yes, if you change your mind halfway through the barrel, you can still find a buyer before your whiskey dreams are bottled.
Future Sips: What’s Next for the Fund?
The initial success is just the tip of the iceberg—or should we say, the top of the barrel? Wave is still raising capital for further investment rounds, seeking to expand their access to the Wilderness Trails distillery’s production capacity for the year. So, cheers to that, and may good investments age as well as fine bourbon!
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