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Blockchain Asset Management founder, Rahaman Kargar has <a href="https://www.globenewswire.com/news-release/2024/05/03/2875375/0/en/Blockchain-Asset-Management-LLC-Launches-Exclusive-Blockchain-Fund-for-Accredited-Investors.html" target="_blank" rel="noopener">announced</a> that his company is only launching a new $100 million blockchain fund for accredited investors. The new fund aims to draw investors into the rapidly expanding Bitcoin market. 
To join, investors need an annual income over $200,000 or a net worth above $1 million. The fund’s timing coincides with the <a href="https://www.cryptotimes.io/2024/04/26/bitcoin-halving-unlikely-to-impact-price-for-18-months-kaiko/">Bitcoin halving event</a>, which is expected to increase Bitcoin’s value by reducing inflation. 
The fund began operations in February this year after a long operational phase that included building a reliable operational foundation 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 fund. He stressed that the well-managed portfolio was prepared to face obstacles from the blockchain and cryptocurrency worlds. To guarantee the optimum long-term risk-adjusted return, the fund distributes its investment over a risk/return portfolio. 
The fund’s general partner, Mr. Mark Palombo, stated that it wants to increase accessibility and democracy to cryptocurrency investing. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read: <a href="https://www.cryptotimes.io/2024/04/06/automated-cryptocurrency-investing/">Automated Cryptocurrency Investing: The Dawn of a New Era in Finance</a> 
</blockquote>

Blockchain Asset Management Unveils $100M Crypto Fund for Accredited Investors

The Crypto Times

3 May 2024 tarihli diğer yazılar

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