Investment fund to offload $750 million in BTC for Cardano (ADA) and Polkadot (DOT)

Investment fund to offload $750 million in BTC for Cardano (ADA) and Polkadot (DOT)
фото показано с : invezz.com

2021-2-28 08:29

Dubai-based crypto investment fund FD7 Ventures announced it will be selling its $750 million worth of Bitcoin to buy Cardano (ADA) and Polkadot (DOT). The investment fund said it hopes to sell the Bitcoin and invest in the altcoins over the next 30 days.

The company said the move is made to provide a better service for its investors who are looking to diversify their investments to other altcoins.

Although there are still long-term opportunities for Bitcoin, many investors are seeing a saturation in the growth of the coin. As a result, they are diverting to other crypto assets with higher potential to do better in the long-term.

Long-term growth predicted for ADA and DOT

FD7 currently has $1 billion in assets under management (AUM) and believes that the value of Polkadot and Cardano will be much higher than that of Bitcoin in the coming years.

With the massive shift of its holdings to DOT and ADA, it means the fund wants to invest 75% of its entire AUM in the two altcoins.

The fund said it has strong confidence in the future of both tokens, which has triggered its decision to go long on them.

Polkadot hits all-time high

Both Cardano (ADA) and Polkadot (DOT) have a combined market capitalization of about $65 billion. This is still far from the value of Bitcoin (BTC) in circulation, which has hit $1 trillion.

The two tokens have been doing great in the market over the past few days. Polkadot in particular reached an all-time high earlier in the week before its much-awaited parachain auctions. After the parachain auction, the network will be able to connect easily with other well-recognized blockchains such as Ethereum and Bitcoin.

Prakash Chand, managing director of the fund, stated that Bitcoin has no better value than Ethereum or Cardano. He added that the only reason why the coin has such a high price tag is the fact that it was the first cryptocurrency in the market. He said projects such as Polkadot and Cardano will have more usability and value than Bitcoin in the next few years.

The post Investment fund to offload $750 million in BTC for Cardano (ADA) and Polkadot (DOT) appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

fund investment dot ada bitcoin polkadot million

Источник: invezz.com

fund investment → Результатов: 126


Tiger Global’s $500 Million Investment in Coinbase Could be a Part of its $3.75 Billion Fund

Tiger Global has successfully raised $3. 75 billion in its latest venture capital fund, and the crypto-sphere is speculating if its $500 million Coinbase investment could be a part of it. Tiger Global’s multi-billion dollar fund, which has been named Private Investment Partners XI, is aimed at consumer internet, cloud and industry-specific software, and direct-to-consumer companies.

2018-10-22 19:30


Фото:

Coinshedule and Trecento Blockchain Capital to Launch a Joint Fund to Invest in the Most Promising and Credible Token Offerings and Equilty-Based Blockchain Projects

Coinschedule, the British blockchain portal, and Trecento Blockchain Capital, an asset management company, have announced today the launch of a joint investment fund called 'Coinschedule Trecento BC Fund', which will invest in early stage blockchain companies including token offerings and equity-based deals.

2018-10-19 11:55


Фото:

COINSCHEDULE AND TRECENTO BLOCKCHAIN CAPITAL TO LAUNCH A JOINT FUND TO INVEST IN THE MOST PROMISING AND CREDIBLE TOKEN OFFERINGS AND EQUITY-BASED BLOCKCHAIN PROJECTS

18th of October 2018 – OXFORD, UK and GENEVA, SWITZERLAND: Coinschedule, the British blockchain portal, and Trecento Blockchain Capital, an asset management company, have announced today the launch of a joint investment fund called “Coinschedule Trecento BC Fund”, which will invest in early stage blockchain companies including token offerings and equity-based deals.

2018-10-18 16:16


Фото:

Coinschedule and Trecento Blockchain Capital Launch a Joint Fund

18th of October 2018 – OXFORD, UK and GENEVA, SWITZERLAND: Coinschedule, the British blockchain portal, and Trecento Blockchain Capital, an asset management company, have announced today the launch of a joint investment fund called “Coinschedule Trecento BC Fund”, which will invest in early stage blockchain companies including token offerings and equity-based deals.

2018-10-19 16:16


TheFund.io ICO

TheFund.io is an investment fund created to open access to earnings on investments for a wide range of people on the basis of a smart and safe system of capital distribution, powered by AI. Our mission is to maximize investors’ profits through investments in promising ideas and transform those ideas into commercially effective business projects.

2018-10-18 13:08


Фото:

Trecento Blockchain Capital and Coinschedule to Launch a Joint Fund To Invest In The Most Promising Token Offerings And Equity-Based Blockchain Projects

17th of October 2018 – OXFORD, UK and GENEVA, SWITZERLAND: Coinschedule, the British blockchain portal, and Trecento Blockchain Capital, an asset management company, have announced today the launch of a joint investment fund called “Coinschedule Trecento BC Fund”, which will invest in early stage blockchain companies including token offerings and equity-based deals.

2018-10-18 00:58


Coinschedule and Trecento Blockchain Capital to Launch a Joint Fund To Invest In The Most Promising and Credible Token Offerings and Equity-Based Blockchain Projects

17th of October 2018 – OXFORD, UK and GENEVA, SWITZERLAND: Coinschedule, the British blockchain portal, and Trecento Blockchain Capital, an asset management company, have announced today the launch of a joint investment fund called “Coinschedule Trecento BC Fund”, which will invest in early stage blockchain companies including token offerings and equity-based deals.

2018-10-17 17:55


Фото:

Crypto-Dedicated VC Dragonfly Capital Partners Unveils, Says Older Firms Might Have a Disadvantage

With its fast-moving prices setting the stage for potential big returns, venture capital (VC) firms have been flocking into the crypto space lately. But newcomer crypto-dedicated fund Dragonfly Capital Partners believes it has what it takes to make a name for itself in the highly competitive niche—a sizable $100-million war chest and a novel investment […] Crypto-Dedicated VC Dragonfly Capital Partners Unveils, Says Older Firms Might Have a Disadvantage was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-12 18:49


Фото:

TD Ameritrade Customers Will Soon Be Able to Trade in Bitcoin Futures

Despite the bear market, the cryptocurrency industry continues to lure in more big names from the financial service sector. The most recent additions include stock brokerage giant TD Ameritrade with its investment in ErisX, which gives clients the ability to trade in Bitcoin futures, and Ric Edelman with his entry into the cryptocurrency index fund […] TD Ameritrade Customers Will Soon Be Able to Trade in Bitcoin Futures was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-8 20:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Mixed signals in DOT market: What's next for Polkadot prices?

DOT's price faces a key threshold; if it can break through the current supply level, a rally could follow. Technical indicators are sending mixed signals—some suggest a bullish shift, while oThe post Mixed signals in DOT market: What's next for Polkadot prices? appeared first on AMBCrypto.

Polkadot price prediction: 2024 and beyond

Polkadot (DOT) is down almost 92% from its all-time high. However, the layer zero blockchain network may still bounce back as its market cap is standing at over $5 billion, at the time of writing.  Read on to learn more…

Can Polkadot [DOT] break $5 after its falling wedge breakout?

Polkadot’s breakout from the falling wedge signals potential trend reversal, with $5 as key resistance. Whale activity shows confidence, while balanced liquidations suggest cautious optimism The post Can Polkadot [DOT] break $5 after its falling wedge breakout? appeared first on AMBCrypto.

Polkadot mirrors key 2020 pattern: Here's what it means for DOT traders

DOT surged by 3.7% over the past week. Market indicators showed Polkadot was experiencing strong positive market sentiment. Polkadot [DOT] has experienced favorable market conditions over The post Polkadot mirrors key 2020 pattern: Here's what it means for DOT traders appeared first on AMBCrypto.

Mapping Polkadot's future: Is DOT following Fantom's path?

DOT has surged by 6.36% on weekly charts. An analyst eyed a historical surge, citing Fantom's historical pattern. After a sustained decline, Polkadot [DOT] has made a strong back over the paThe post Mapping Polkadot's future: Is DOT following Fantom's path? appeared first on AMBCrypto.