2019-4-2 19:30 |
The cryptocurrency market’s volatility has been a popular topic, with several proponents linking it to the nascent nature of the industry. With Bitcoin breaching the $5000 mark after almost 4 months, the industry was rejuvenated by an increase in market cap and volume. One of the major proponents of the space has been Anthony Pompliano, the Founder of Morgan Creek Digital Capital.
In his latest podcast, Pompliano sat down with Dan Zuller, Partner at Vision Hill Advisors, to talk about the reasons why the cryptocurrency industry was enticing and the concept of fund to fund in crypto. Zuller explained that Fund to Fund in cryptocurrency is a hedge fund comprised of individual hedge funds and other investments. The Vision Hill partner claimed that one can capitalize on many different strategies within the cryptocurrency space because of how new the industry is. In his words,
“In crypto, there is development every single day. Fund to Fund can capitalize on the many different trends going on in the cryptocurrency space. When we work on fund to fund, we mainly look at the massive opportunities in front of us. It will capitalize on the different time horizons and the risks associated with those.”
Dan Zuller claimed that the asset class that is crypto, was still young and that there was a lot to work with. According to him, the cryptocurrency industry that the public sees is very different from the private side of the business. He stated that the private side included venture capitalists-backed projects that aren’t publicly traded and are evaluated to be close to $10 billion – $15 billion, with the potential to grow to $15 billion- $20 billion.
Anthony Pompliano was in the news recently after Morgan Creek Digital Capital partnered with Ikigai Asset Management to boost the mass adoption of cryptocurrencies. The official release from the company said,
“Morgan Creek Digital announced today that it will be the lead anchor investor in Ikigai Asset Management’s flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments. Ikigai is a crypto asset management firm launched in December 2018 by former Point72 Portfolio Manager Travis Kling and partners Timothy Lewis, and Anthony Emtman.”
The post Bitcoin [BTC] bull Anthony Pompliano discusses crypto ‘fund-to-fund’ with Vision Hill Advisors’ Dan Zuller appeared first on AMBCrypto.
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