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RE: Bit20 - The cryptocurrency index fund
Yeah, that's definitely impressive. The question is - can this be maintained year over year? If so, that would be quite remarkable and should attract a ton of investment in the future.
Either way - if it's beating 5-7% annual returns, it's better than most of what Wall Street can do. A 7% annual return will double your initial investment in 10 years. At 200%? That could be full retirement in a couple of years - if you're willing and able to take the risk.
The index fund aim to represent globally the evolution of the cryptocurrency and blockchain projects markets (Not only Bitcoin). These markets are doing great, lots of smaller projects have rised these last months.
I expect it will continue has long has cryptocurrencies have territory to gain over fiat money markets. There is still a gigantic space for improvement and I'm expecting to see cryptocurrencies and blockchain projects evolve just like the last big new technology waves did (personal computer, internet, smartphones, ...). We have still 10 promising years in front of us ;)
I hope you're right - and I'll definitely look into this and see if I can come up with something to put into the fund. It's certainly worth a shot, in my opinion. Thanks for the post!
you're very welcome sir ;)