Blockchain Asset Management founder, Rahaman Kargar has announced 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 Bitcoin halving event, 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.
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