Bitcoin safe haven
These are just a few of the reactions I tend to receive from wealth advisors when I ask about cryptocurrencies such as bitcoin, ethereum and litecoin. Few financial institutions are getting involved with directly recommending digital assets. Banks and brokerage firms lack the technology to trade bitcoin safe haven and the research to back any of them.
So who are these bitcoin believers? Perhaps those scarred by hyperinflation and scared of political upheaval. You can move millions of dollars without alerting any government. Jeremy Gardner, who manages hybrid venture capital firm and crypto hedge fund Ausum Ventures, has been raising money through personal contacts in Brazil and Mexico.
If they go up in value, even better. The fund we manage for families is an extremely careful passive strategy. Blockchain, which cuts third parties out of money transfers and records transactions in a tamperproof online register, is one part of this new crypto world that investors bitcoin safe haven get behind.
It will be implemented little by little in all sectors and in all regions of the world, reaching a universal presence. Looking beyond the potentially good returns, blockchain could also revolutionize accountability and help to combat corruption in Latin America by creating immutable records of ownership for land titles, stock ownership, bonds and bitcoin safe haven on, Gardner added. This article was originally published in the April edition of Citywire Americas magazine. Samantha Muratori reports back on the consultancy's first event in Punta del Este in Uruguay.
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