Multi-million dollar fund by Chinese investors
Excerpt:
Bitcoin startups are due to see a windfall in investment after multibillion-dollar Chinese investment firm Huiyin Group announced the launch of its bitcoin- and blockchain-specific subsidiary fund, Huiyin Blockchain Ventures (HBV).As stated on its website, the new subsidiary fund will partner “with innovative start-ups and entrepreneurs to help them grow and define the future of the blockchain economy”.The fund will look toward investing $20 million in bitcoin and blockchain companies over the course of 2016. HBV will be managed by James Wo, who is the son of the founder of the Huiyin Group.
Could this possibly mean a price increase for BTC in the future?
Read more about it at:
https://www.cryptocoinsnews.com/20-million-bitcoin-fund-launched-by-chinese-investor-huiyin-group/