I have to laugh when I see articles from “financial” experts (I happen to like Market Watch actually) purporting to beat 100% returns on bitcoin, as if 100% is a lot.
It is for you or me but perhaps what rubs me the wrong way is that they think that is all that is possible. If you expand your horizons enough, you can way surpass 100% returns, which is why I eventually found out about sprouts (the 2% daily proof of stake/pos coin) and 808coin (my main bread and better that does 808% returns as POS). I write about it in my book or you can google/duck duck go it yourself to get the info for free (documentation online still a disaster at time I write this).
The good news is, and I hadn’t even considered this, are these lines (which are the important take aways from this article):
And that leads us to our call of the day, which says there’s some big money being made on cybercurrencies — but the risk is on the same scale. And where there’s an opportunity, there are hedge funds.
Blogging for ValueWalk, Rupert Hargreaves took a deep dive into the Crypto-Currency Fund Index from Eurekahedge. The data firm uses the index to track the performance of five actively managed hedge funds with holdings in bitcoin, ethereum and other digital cash.
Between June 2013 and April this year, the index shows eye-popping cumulative returns of 2,152.32%, versus 1,408.11% for the Bitcoin Price Index. Looked at annually, that’s a return of 125.35%, compared with 102.96%.
The details aren’t as important as the simple fact that there are investment firms sprouting up to take advantage of cryptocurrencies. This means a GIGANTIC multi-trillion dollar industry is getting interested in bitcoins and altcoins.
This only means more money, more velocity of money, more crypto coin use, and the cycle of financial life begins anew and in greater strength. This only means upward pressure in prices medium to long term.
And most people in the world still don’t know about it.
Enjoy the rocket to the moon folks.
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