Bitcoin Mutual Fund Started By Paris Asset Manager

paris-bitcoin-mutual-fund

This week has been an interesting week for Bitcoin.

We’ve seen Bitcoin being talked about by Russia regarding regulations, Morocco starting to make bitcoin illegal (from their central bank go figure) and even Billionaire Mike Novogratz doubling down on Bitcoin touching $10,000 before the end of 2018.

Then we have a new breakout by a Paris Asset Manager name TOBAM that manages $9,000,000,000…

TOBAM aims to help institutional investors gain access to cryptocurrencies, and thus they have started the first Bitcoin Mutual Fund stating

“Direct investment in Bitcoin can be operationally challenging, from dealing with the choice of the platform, to maintaining the proper security measures in terms of custody and to managing the changes made to the protocol.” – Christophe Roehri

This could mean us seeing another spike in Bitcoin which reached its highest ever this week touching almost $8,400 up from $900 in January of 2017.

Interestingly, we see this move more and more in the cryptocurrency realm, as JP Morgan explores launching Bitcoin futures, and the continual endorsements by Billionaires and people who understand the technology in the tech field.

This is a movement which continues to grow, and while Bitcoin may not be the #1 coin in the coming years this technology is here to stay and the modality of using decentralized applications to help everyone honestly trust each other through trust, is going to be one the biggest movers in changing this world for the better.

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Thanks for reading,

Austin

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