Why are crypto investing funds making inroads into the financial sector?
Cryptocurrency investing funds have made their presence known as a new investment opportunity.
In many ways, it has already begun to show its worth, but one major difference is that crypto investing firms are investing in real-world industries that don’t often receive a lot of attention in the media.
“It’s really a lot harder to put the money into a market like crypto than it is to put it into a stock market,” said Josh Kaplan, the CEO of Cryptomatrix, which is a fund that invests in digital assets.
Kaplan, a veteran of Wall Street, has been investing in crypto for a decade.
He started investing in digital currencies in the late 2000s and started investing on Wall Street.
But he saw crypto investing as a way to get back into the stock market and back into his retirement portfolio.
“I didn’t realize it was possible,” Kaplan said.
Kaapons recent investment in the crypto market has been a success.
The company, which makes an automated investment platform for clients to manage portfolios of assets, saw its portfolio rise from $6 million to $26 million in the past two years.
Its portfolio also is gaining traction with clients, including a group of investors that is looking to buy into a company in the financial services sector.
Cryptocurrency is gaining momentum as a legitimate investment source, according to Kaplan.
He said it’s important for investors to know that it’s not just about the digital currencies.
The digital asset space has seen some notable trends in recent years, according.
There are a number of cryptocurrencies that are gaining in popularity and the market is getting bigger.
For example, Ethereum, a digital currency that has gained in popularity since its creation in 2015, recently overtook Bitcoin in terms of market cap.
Another digital asset that is gaining in favor is Litecoin.
Kaplan said he sees more opportunities for investors in the future, but he isn’t concerned about the volatility of cryptocurrencies.
“You can have volatility.
You can have bubbles.
But, I don’t see the market as a bubble,” he said.