ISSUE 3

February 8th 2019

 

Hi again,

This week, we announced the BitBull Opportunistic Fund. Our press release talks more about the strategies we employ; it’s returned +29% since its inception in November, versus Bitcoin at -41%, a 70% difference.

Meanwhile, there’s been a lot of crypto developments, from Facebook to Fidelity. Here are some recent noteworthy stories:

The Year In Ethereum

The most important Ethereum developments — the things that we’ll say mattered, 10 years out.

 

Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

It will likely take the form of a fiat-backed “stablecoin” integrated into chat platform WhatsApp.

 MIT, Stanford Academics Design Cryptocurrency to Better Bitcoin

Some of the brightest minds are pooling their brain power to create a cryptocurrency that’s designed to process thousands of transactions a second.

  Future   via Bloomberg

 

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million

The startup’s latest token fundraising effort would bring the value of all its tokens to $1.2 billion.

Report   via Coindesk

 

Strategy

72-year-old financial services giant, Fidelity launching Its Crypto Custody Business, is seen as another step towards the wider acceptance of cryptocurrency as an investment class.

 Tweets of the Week

Twitter and Square CEO Jack Dorsey has again expressed his pro-Bitcoin stance –

I only have bitcoin – Link

Tweets of the Week

Venezuela just tried to withdraw $1.2 billion of their own gold out of the Bank of England.

They were denied this request by the bank.

If you don’t think uncensorable, unseizable money is going to become the standard, you’re absolutely nuts.

Long Bitcoin, Short the Bankers! Link

If you value Crypto Investing, feel free to forward this copy to your friends. Have a great weekend!

 

Joe DiPasquale – CEO at BitBull Capital

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Disclosure:

As of the publication date of this report, BitBull Capital Management LLC and its affiliates (collectively “BitBull”), others that contributed research to this report and others that we have shared our research with (collectively, the “Investors”) may have long or short positions in and may own options on the token of the project covered herein and stand to realize gains in the event that the price of the token increases or decreases. Following publication of the report, the Investors may transact in the tokens of the project covered herein. All content in this report represent the opinions of BitBull. BitBull has obtained all information herein from sources they believe to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind – whether express or implied.

This document is for informational purposes only and is not intended as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy, are based upon selected public market data, and reflect prevailing conditions and BitBull’s views as of this date, all of which are accordingly subject to change without notice. BitBull has no obligation to continue offering reports regarding the project. Reports are prepared as of the date(s) indicated and may become unreliable because of subsequent market or economic circumstances.

Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This report’s estimated fundamental value only represents a best efforts estimate of the potential fundamental valuation of a specific token, and is not expressed as, or implied as, assessments of the quality of a token, a summary of past performance, or an actionable investment strategy for an investor.

This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment or token discussed herein.

The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond BitBull’s control. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on all tokens discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.