Cryptofonds 1Confirmation, with the support of no less a person than a tech billionaire, Peter Thiel, in a second investment round of $45 million was collected.
1Confirmation more than $75 million in assets under management. And with that, the money they invest in new projects within the computer industry, and liquid assets such as bitcoin (BTC) is the announced director of the fund, and Nick Tomaino is on.
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Cryptofonds with Peter Thiel and Mark Cuban
The San Francisco-based 1Confirmation is one of the first cryptofondsen with well-known names are on board.
High-profile figures, such as the co-founder of PayPal and billionaire Peter Thiel, billionaire Mark Cuban and Marc Andreessen have all of them in the fund may be invested.
Tomaino, a former employee at Coinbase, but to the names to make it to the second round to join.
You do have to have a large number of the same name (see above) out of the first round and now, even now, to get on.
According to him the bitcoin and the crypto-industry is desperately on the lookout for new and mainstream applications. At issue is speculation on the cryptomarkt a big role in this.
‘Bitcoin will remain king
In the next blog post will give Tomaino further, that the fund of bitcoin is high, has been compared to other cryptomunten.
Bitcoin will be the king of the market and continue to be, thus, the fund manager, with nearly 70% dominance of the market.
As more and more people and institutions, bitcoin to accept it, is a logical consequence of that is that the price is going to rise.
This can cause a renewed interest for the computer industry, then again, it may make for a new wave of developments in the market.
Tomaino: “Bitcoin was the first, it has the best story, and it is the most decentralised in terms of ownership and decision-making process of all the cryptoculturen”
He looks at the BTC continues to develop as a oppotmiddel (‘store of value’ rather than as a method of payment. He sees plenty of room in the industry for the various projects and initiatives, next to the BTC.
Ethereum
According to Tomaino, however, it is not a ‘winner takes all’ game’, as some bitcoins to try to believe it. If he thinks that Ethereum will manifest itself as an “innovative platform” said Tomaino.
In addition, he called the (local) economy, and leenplatforms that mushroom out of the ground and shoot up. Here, too, we have to emphasize: the concern here is still in a very experimental form of a computer, borrow it and save some money.
Source: Media
(Photo: Flickr / Luc Van Braekel
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