[June 13, 2018] |
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Why CryptoCurrency Needs Bitdollar The World's First Collectively Managed Fund Says CEO of Top Social Media Marketing Company 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 allocatios 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)
View source version on businesswire.com: https://www.businesswire.com/news/home/20180613005944/en/
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