Columbus, Ohio, Aug. 8, 2023 / MarketWatch / -- Crypto Currency and Digital Assets have been in the headlines a lot over the past 14 years, with plenty of buzz surrounding the rapidly growing market. Famous investors range from many passionate supporters to a few cynical critics when it comes to digital assets. Some passionate Billionaire digital asset investors include: Tim Draper, Bill Miller, Ray Dalio, Marc Andreeson, Mike Novogratz, Paul Tudor Jones, and Stanley Druckenmiller.
"We have been investing and advising private clients in the digital asset and crypto space since 2017. When you cut through all the noise, the signal is that the global crypto and digital asset megatrend has been accelerating over the past 14 years. Bitcoin, the best known of the crypto currencies, is up 672% since September 1, 2017. Other newer digital assets with specific use cases have grown even faster over recent years. It's still early, but it's clearly time for accredited investors to have some level of exposure to the explosive growth trend of digital assets," says Abe Nixon, President of Infinity Square Funds.
Jerome Powell, head of the Federal Reserve, commented in June that crypto has "staying power as an asset class." The biggest challenge for individual investors is figuring out how, where, and which digital assets to pick. "We are the experienced, local, professional access to a diversified fund of the best digital assets" says Nixon.
This June, seven major financial companies including Blackrock, Wisdomtree, and Fidelity, representing over $20 Trillion of Assets, filed to launch new crypto ETF offerings. These offerings would potentially come to market by early summer of 2024.
Ohio Congressman, Warren Davidson, has been a vocal advocate for Bitcoin and Digital Asset markets for years in the Halls of Congress. Both the House and the Senate have recently pushed forward bi-partisan, pro-crypto markets bills just this summer. Three Presidential Candidates have declared emphatically that they support and are using crypto currency including: Robert F. Kennedy Jr, Ron DeSantis, and Vivek Ramaswami. Ramaswami, also an entrepreneur from Ohio, has surged onto the national political scene this summer in his run for President.
Most of the G20 countries and major international financial hubs around the world have formalized national legal frameworks supporting digital assets. England, France, Germany, Spain, Luxembourg, Italy, Switzerland, India, UAE, Saudi Arabia, Singapore, Japan, Hong Kong, South Korea, Brazil, and more are aggressively trying to recruit crypto companies to their country.
Adoption rates, network effects, and economic trends indicate there is significant growth yet to come in the asset class, and specifically some assets over others. Digital assets are an asymmetric return, hedge, alternative asset class that is largely uncorrelated to major stock, bond, and currency markets. Global trends point towards continued growth of digital assets.
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