Blockchain Asset Management founder Rahaman Kargar has announced that his company is launching a new $100 million blockchain fund for only accredited investors. A new fund aims to attract investors to the fast-growing cryptocurrency market. To join, investors need an annual income over $200,000 or a net worth above $1 million. The fund is timed with the Bitcoin halving event, which is expected to increase Bitcoin 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 the creation of 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 found hope in the upcoming unveiling of the sovereignty fund. He emphasized that the well-managed portfolio was ready to tackle challenges from the world of cryptocurrencies and blockchains. The fund spreads its investment into a risk/return portfolio to ensure the best risk-adjusted return in the long run.
Mr. Mark Palombo, the General Partner, mentioned that the fund aims to make investing in crypto assets more accessible and democratic.
Also read:
Automated Cryptocurrency Investing: The Dawn of a New Era in Finance
