I bought my first bitcoin in 2013, starting small while also running a tech company. Soon after, I began researching cryptocurrencies, and also invested in Ethereum and Litecoin. The more I learned about the blockchain, the more I understood the value of the underlying digital assets.

Although people compare the blockchain to the internet in the late 1990’s, there are significant differences. In the internet era, native protocols like HTTP and SSL were not monetized. Instead, investment was focused at the application layer, in companies like Amazon and Facebook. With crypto assets, you are able to invest at a deeper layer: the protocol layer. You can hold blockchain assets that will be built upon for some time to come, owning part of the digital real estate on top of which platforms and technologies are built.

From my base in San Francisco, I was fortunate enough to meet and exchange ideas with many of the brightest technologists and savviest investors in the cryptocurrency world. Extensive diligence and good fortune came together, and I experienced considerable success with my personal account — returning over 2000%.

When friends and family learned of my success, and the almost unheard of returns that cryptocurrency can provide, they began asking me for advice. At one point, a friend who was looking to invest capital in the crypto sector asked me to investigate several cryptocurrency hedge funds. I was a bit skeptical of the concept, but told her I’d take a look.

But as I dug into the crypto hedge funds, I was surprised to find that some active managers had not only been outperforming bitcoin, but had been doing so with significantly reduced volatility. In technical investing terms, some active crypto managers had Sharpe ratios better than bitcoin. They had stellar risk-adjusted returns — they generated bitcoin-like profits with reduced bitcoin-like price fluctuation.

However, I soon learned that the most desirable hedge funds — those with the smartest managers, highest Sharpe ratios, strongest organizations — require million-dollar minimum investments or are closed to new investment. With people clamoring to get into their funds, they can afford to be choosy. If you don’t have a million bucks, you can’t get in the door with most of them. I reported back to my friend that, even though she was an accredited investor and had a sizable account, she didn’t have enough capital to invest with the very best crypto hedge funds.

This was my initial motivation for creating the BitBull Fund — the first cryptocurrency fund of hedge funds. BitBull Fund has solved the access problem of investors interested in world-class crypto management. The fund has a minimum investment of $100K and an initial 0% management fee.

BitBull creates and monitors a carefully-crafted portfolio of active managers. I believe this is the best way to generate high risk-adjusted returns and to build wealth in the crypto sector. We conduct exhaustive diligence in the cryptocurrency space. This is a major undertaking due to the fact that there are so many funds (over 100 crypto hedge funds by a recent count), as well as the varying investment thesis and operational concerns, including security.

While we are very bullish on the prospects for cryptocurrencies going forward, we look for managers who can both generate alpha in uptrends, and preserve capital — or even make money — in downturns. By creating a basket of the best active managers — which we consistently manage, analyze, and rebalance — we are confident that we can provide excellent risk-adjusted returns and steer through the inherent volatility in these markets as they begin to mature.

Educating myself and others about cryptocurrency investing is also a passion of mine. I personally interview the best cryptocurrency investors and technologists on my “Crypto Joe” channel on YouTube, including Mike Novogratz’s new fund, Galaxy Investments; Adam Draper; and more. BitBull Capital understands the desire to learn this nascent asset class; we will be giving our investors access to the best research and educational content about the cryptocurrency investment industry.

BitBull’s mission is to build wealth for our clients. We do this in cryptocurrency, because it’s the sector that offers the greatest opportunity for wealth generation in our lifetimes. We’ve assembled a team with tremendous expertise that is focused on crypto hedge fund research, and creating a portfolio of the best crypto fund managers on the planet.

Joe DiPasquale

Founder, BitBull Capital

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.

This blog may contain forward-looking statements that are based on BitBull’s experience and expectations about the markets in which the fund invests and operates. Forward-looking statements are sometimes indicated by words such as “anticipates,” “expects,” “believes,” “seeks,” “may,” “intends,” “plan,” “should,” “attempts,” “will,” “intended to,” “designed to,” “seeks to” or the negative of these terms or other similar expressions. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. Forward-looking statements are not guarantees of future performance and are subject to many risks, uncertainties and assumptions that are difficult to predict. Actual results may differ, and such differences may be significant. Neither the fund nor BitBull Capital undertakes any obligation to revise or update any forward-looking statement for any reason, unless required by law. The forward-looking statements contained in these blogs are expressly qualified by this cautionary statement.

This blog is meant only to provide a broad overview for discussion purposes. While information used in these materials may have been obtained from various published and unpublished sources considered to be reliable, neither BitBull nor any of its affiliates guarantees its accuracy or completeness and accepts no liability for any direct or consequential losses arising from its use. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

This blog does not constitute an offer to sell securities or a solicitation of an offer to buy or sell any securities.

No graph, chart, formula, or other device offered can, in and of itself, be used to determine which securities or assets to buy or sell or when to buy and sell assets or securities, and is not meant to assist any person in making investment decisions. We are not falsely promising to furnish reports or analysis free of charge to investors.

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