Posted on

Bitcoin Experiences an Intense Flow of New Money and Mainstream Attention

Over the past month, mainstream media has given Bitcoin the spotlight due to the digital currency’s recent jumps in value. Multiple news reports featured in prominent publications and on television are saying mainstream investors are flocking to cryptocurrencies in great number.

‘The Laughter is Fading’

Mainstream media is giving Bitcoin a lot of attention because the digital asset’s market value has gained significant value in a short period of time. To put the jump in value into perspective, bitcoin’s price has risen by 87% in just thirty days. Now many broadcasts and publications are reporting on bitcoin nearly every day giving the technology quite a bit of exposure.

Bitcoin Experiences an Intense Flow of New Money and Mainstream Attention
John Bollinger, the inventor of the financial analysis indicator Bollinger Bands, mentions bitcoin to his 11,000 Twitter followers.

Bitcoin can be seen on television as news broadcasts such as Fox, NBC, and CNBC are reporting on the subject regularly. Additionally, the decentralized currency is being featured in editorial publications such as Market Watch, Time Magazine, Forbes, Business Insider, Bloomberg, and the New York Time. For instance, on May 26 the investment news outlet Market Watch headline reads;

Wall Street laughed at a call for bitcoin at $25,000 — but after a 400% surge, the laughter is fading

Bitcoin the Mother of All ‘FOMO Trades’

Bitcoin Experiences an Intense Flow of New Money and Mainstream Attention
IG financial analyst Chris Weston.

More mainstream exposure happened last week as the American socialite and professional poker player, Dan Bilzerian, told his 22.3 million Instagram followers he was buying a lot of bitcoin.

“Just bought a sh*tload of bitcoin — it’s so crazy watching that sh*t f**king go up it’s like… betting a bunch of money on the Super Bowl,” explained Bilzerian.

The well known IG financial analyst Chris Weston also notes the new money flowing into bitcoin is huge. “I genuinely can’t wait to see young tech heads driving down Collins Street in a new Aston, because they had the stones to be able to hold their exposure through what has been an exponential move without ever having taken profit,” explains Weston.

Bitcoin is the mother of all ‘FOMO (Fear of Missing Out) trades’ — Perhaps the fact I am putting so much focus on bitcoin suggests a top has been seen and I am the taxi driver contrarian indicator. We shall see but flows into bitcoin have been huge.

Replacing the USD and a Whole Lot of Smart Money Coming In

Moreover, on the Australian Broadcasting Corporation’s (ABC) nightly news brief the host detailed that bitcoin could possibly replace the U.S. dollar. During the newscast, ABC said there is a chance alternative monetary systems like cryptocurrencies can become the next de facto world currency in the future.

Bitcoin Experiences an Intense Flow of New Money and Mainstream Attention
Australian Broadcasting Corporation’s (ABC) nightly news host says Bitcoin could replace the U.S. Dollar.

Additionally, many investors were quite surprised to hear how much the Boston-based Fidelity Bank, CEO Abigail Johnson liked bitcoin. Fidelity has added Coinbase accounts to their online banking platform, and the firm has been mining bitcoin with 21 Inc. computers as well. Nick Kirk, a former IBM Researcher, explains, “They basically let the world know they are looking at it.”

The smart money is starting to come in now.

Enormous Momentum

These days there is significant interest in cryptocurrencies stemming from Asia and not just from China anymore. India, Japan, and South Korea are starting to become dominant players within bitcoin trading markets. There definitely seems to be a whole lot of money moving towards cryptocurrencies like never before as the entire market capitalization commands a whopping $83 billion. These valuable currencies are also trading over $4.6 billion USD worth of cryptocurrencies daily, and bitcoin is capturing half this share all by itself. Last but not least another mainstream mogul also is very optimistic in regards to bitcoin adoption. The Former anti-virus tycoon John McAfee believes bitcoin’s price velocity will continue to rise.

“Bitcoin has enormous momentum,” McAfee notes.

Posted on

The Token Fund Collects $1 Million in Digital Assets

The recently released Token Fund – which is a new approach of investing in digital assets without the risks linked to conventional trading in cryptocurrency – has just made an announcement: the collection of $1 million in funding.

Launched on March 24, the Token Fund attracted notable investors keen on diversifying their portfolios and spend their money on a wealth of digital assets with great potential. There’s no live digital currency ETF at the moment, meaning that with its coin traded fund (STF), the Token Fund can be the best alternative. Through its straightforward and crystal-clear process, avid investors are finally welcomed to invest in an economy that is decentralized; and they can do it safely without taking unnecessary risks.

The aim of the Token Fund is to target digital currencies with unbeatable potential, like Ethereum and Bitcoin. These two alone account for a large part of an investor’s portfolio. Nonetheless, it also focused on additional currencies: Steem, Ripple, Golem and Litecoin. To ensure that the volatility is kept to a minimum and a user’s portfolio is not at risk, the fund makes sure that the assets and associated percentage brought on by the digital currencies alter as the market evolves.

Digital currencies with an average turnover below $100,000 per day (in the past 6 months) are banned from the portfolio automatically.

As soon as a user signs up for the Token Fund, Ether or Bitcoin can immediately be added to their wallet. Then, they get a certain number of TKN tokens – the official crypto token of the platform – that can be used to move capital funds, including make withdrawals and deposits. When either Ether or Bitcoin are used to make transaction on the Token Fund platform, once the tokens are sent back to the wallet of the user, the “burning process” of the TKN begins, filling the user’s wallet with an associated value. Prices are calculated every day, at 12:00 GMT and 00:00 GMT.

Two contracts active on Ethereum run the Token Fund. The 1st contract is in charge of storing the balances that pertain to investors with a TKN contract, whereas the 2nd issues new tokens and exchanges them into the currency being invested in. Only a Token Fund contract guarantees users a viable TKN contract, which ensures new emission of tokens based on a ERC-20 token contract.

In the last 3 months alone, the TKN token value increased from $10 at the end of March, to an astounding $26 on May 19.

The graph mentioned here is constantly updated, and it clearly indicates the amazing growth of the TKN token, as well as the interest investors have in the fund. Specifically, following the launch of the fund, there’s been an increase of nearly 160% of the TKN token in US dollars.

Relatively new in the investment scenario of digital assets, the Token Fund has proven to have tremendous potential. It clearly shows that a decentralized economy is worth investing in. This gives all cryptocurrency enthusiasts a unique opportunity to diversify their investment portfolios.

About the company:

The Token Fund is one of today’s newest platforms for open-minded investors eager to diversify their portfolios by investing in a decentralised economy.