February 8th 2019
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 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
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
CONFIDENTIALITY: This communication was sent from BitBull Capital Management LP and contains information that may be confidential or privileged. The information is solely intended for the use of the addressee. If you are not the intended recipient, do not read, copy or distribute the e-mail or any attachments. If you have received this communication in error, please immediately notify the sender by telephone or by electronic mail. Neither this message nor any information included herein constitutes an offer to sell or the solicitation of an offer to buy any investment product, or legal, tax, accounting, or investment advice.