Former PayPal Executives Invest In Hold 10’s Crypto Fund

Former PayPal execs invest in Hold 10’s crypto fund

As digital currencies continue to grow, so does their investment potential. In fact, according to Coinmarketcap at the time of writing, the industry’s combined market cap was sitting at just over $830 billion.
Bitwise Asset Management’s Hold 10, is an index fund which invests in the top 10 cryptocurrencies. Only accredited investors are allowed to contribute, and it has already invested $4 million.
Contributors include former PayPal chief operating officer and product leader, David Sacks, former PayPal executive, Keith Rabois, as well as venture capitalist guru, Naval Ravikant.
Hunter Horsley, who is the CEO of Bitwise, had this to say:
“We and our investors believe that a vehicle like this, or passive index investing as an approach, is a great way for many people to participate in cryptocurrency.
Placing all of your eggs into one basket is a risky move for any investment, and this sentiment holds true for Hold 10 as well. Spreading your investment over many cryptocurrencies will minimize your risk and, in theory, should increase profits. Even though Hold 10 offers this, more than 60% of its investments are in Bitcoin.
A Well known security expert and Bitcoin fan, Andreas Antonopoulos, also agrees with having a diverse crypto portfolio:
Former PayPal Executives Invest In Hold 10’s Crypto Fund
“I own a few different crypto assets as part of a small but diversified portfolio. I only risk as much as I’m willing to lose.”
According to Antonopoulos, another reason to spread investment love is to counterbalance your portfolio. If one of your crypto investments is doing really well, it can set off any losses you may have as a result of another crypto that’s perhaps performing poorly.
Even so, the crypto industry is extremely volatile and highly unpredictable, requiring investors to be as objective as possible when contributing. Horsley had this to say:
Cryptocurrencyis such a new and volatile asset class, it’s hard to guess how the market will play out in the future. If you use subjective judgment, you could misjudge or overlook something.”
Even though the crypto industry is new to most people, it is still important for investors to educate themselves on it before parting with their hard-earned money.
Antonopoulos explained:
“What percentage of your wealth should be tied up in Bitcoin? A percentage that is equivalent to your understanding of how the technology works and your ability to absorb the risks it entails, which for most people is a small percentage.”
Like his former colleagues, Peter Thiel, a PayPal co-founder, has also invested heavily in Bitcoin through his Founders Fund, and thanks to the currency’s price surges last year, this investment is now worth hundreds of millions of dollars.

Now your take on this argument.

We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.


YOU CAN ALSO READ  Billionaire Buffett Still Denying Bitcoin

You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.


Action Point.
You need to confirm your subscription by clicking on the link sent to you. You can check the spam folder for it. Add us to your mailing list to receive directly from us.


PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.

 19 total views,  7 views today

Adeniyi Salau

Adeniyi Salau Scrum Master Certified , CCNA R&S , BeingCert and Scrum Certified Digital Marketing Professional, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.

  1. Nia Nal

    we will be discussing PayPal and how you can easily make use of it. Now, do you want to send money online? or want to receive Money online? If your answer is yes, then you should try the PayPal platform. There are lots of people who want to send and receive very fast, PayPal is here for you…………………Read more HERE
    Nia Nal recently posted…PayPal Account Sign Up Update – PayPal New Account LimitsMy Profile

Write a Comment

Your email address will not be published. Required fields are marked *

CommentLuv badge
%d bloggers like this: