Bitcoin Capital, a cryptocurrency fund managed by Startjoin Tech CEO Max Keiser, showed the potential for bitcoin by raising over $1 million through a crowdfunding campaign on platform BnkToTheFuture.
Bitcoin Capital will invest funds in mining, early-stage startups and cryptocurrencies, with daily dividends paid out in bitcoin. The fund is described as high return and high risk.
Founder Max Keiser, a financial journalist, virtual currency inventor, entrepreneur and investor, and will manage the new fund, along with Simon Dixon, an ex-investment banker, investor, entrepreneur and co-founder of BnkToTheFuture.
Keiser has always been an advocate of cryptocurrencies. He says:
“I have been critical of the traditional financial system for many years. I was the first global news outlet to cover bitcoin when it was trading at $3, recognizing its potential to change the world. Many startups in the bitcoin space credit Keiser Report for getting them started in the business. Bitcoin Capital allows the founders and investors to experiment with new crypto financial business models and currencies to transform global finance.”
Although investing in venture capital usually involves a little patience before seeing a return, Bitcoin Capital is able to pay investors daily dividends by investing a third of all funds raised in bitcoin mining. Bitcoin mining invests in sophisticated hardware that provides security to the bitcoin network in return for newly-created bitcoins.
“We have developed a model for finding startups to invest in which involves them initially crowdfunding through the Crypto CrowdFunding site – StartJOIN, and then Bitcoin Capital may be able to top them up if they successfully raise their funds through an equity offering on BnkToTheFuture.com,” said co-founder Simon Dixon, CEO of BnkToTheFuture.
Cryptocurrencies are becoming increasingly popular, especially with new start-ups and finch companies, and to provide a shelter from volatile currency markets. The fund invests in a portfolio of Bitcoin and other crypto currencies to give investors a diverse portfolio and full exposure to the growth of the ‘Blockchain sector’.