Why CryptoCurrency Needs Bitdollar The World’s First Collectively Managed Fund Says CEO of Top Social Media Marketing Compa...
June 13 2018 - 12:33PM
Business Wire
Bitdollar Fund Is A New CryptoCurrency Fund That Aims To Guide
Fundamental Analysis, Facilitate Research, And Provide A Safer
Entry Point For New Investors says Robert Alexander CEO Of
360WiseMedia
"Bitdollar Capital, the managing company of Bitdollar Fund, aims
to provide clarity to the cryptocurrency community, by guiding
fundamental analysis and facilitating research, while also
providing a relatively safe place for those that are new to
cryptocurrencies to get started. There is a lot of confusion and
hype in the cryptocurrency field, and there are many profiting from
this lack of clarity. We hope to make a positive difference in this
respect, and help investors understand the fundamentals of what
they are investing in," said Nick Kitcharoen, President of
Bitdollar Fund and CEO of Bitdollar Capital.
When Nick Kitcharoen was asked about the overall mission of the
Bitdollar Fund, his reply was, “Our mission as collective investors
is to provide the best returns among the best cryptocurrencies on a
long-term, fundamental basis. We will have a fundamental analysis
debate about major cryptocurrencies as a community via our forums
and our investor videos, and we will collectively manage the fund
through annual investor elections. The process itself should be
quite interesting," said Nick Kitcharoen CEO of Bitdollar
Capital.
The Fund’s initial cryptocurrency components (Ethereum, Bitcoin,
Ripple, and asset backed cryptocurrencies) are set by its
President. However, starting in December of 2018, the holders of
Tokens will collectively decide percentage allocations of each
component through stakeholder voting. Then in October of 2019 and
annually thereafter in the Fund elections, Token holders will
collectively decide its cryptocurrency components and percentage
allocations to each. The fund also features “non-core”
cryptocurrency components, which are ideally backed by physical
assets such as oil and gold. These non-core components are meant to
provide uncorrelated returns to major cryptocurrencies, while also
having the impact of reducing volatility and providing a relatively
safer environment for new investors in cryptocurrency to get
started.
"I believe Nick Kitcharoen is brilliant for finding a resolution
for the fork in the road with creating a passage on the blockchain
to guide Fundamental Analysis, Facilitate Research, and Provide A
Safer Entry Point For New Investors." Quote: Robert Alexander CEO
of 360WiseMedia.
Bitdollar Fund, a Cayman Islands limited company, will utilize
fundamental analysis while investing in major cryptocurrencies and
have a long-term investment horizon. The Fund also aspires to
provide clarity to the crypto currency community and provide a
safer place for investors that are new to crypto currencies to get
started. Crypto currency investing involves significant risk of
loss and is not suitable for everyone. Please do your own
research or consult your investment professional before
investing.
For more information about Nick Kitcharoen and Bitdollar Fund
please visit (bitdollarico.com )
360WiseMedia helps celebrities, public figures, ICO, blockchain
and small businesses best use social media marketing and brand
advertisement to increase visibility, engagement and brand
awareness.
For more information about Robert Alexander and 360WiseMedia
please visit (360WiseMedia.com)
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360WiseMediaRobert Alexander, 1-844-360-9473