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InPantera launched its first cryptofund and is currently one of the largest institutional owners of cryptocurrencies. At last count, it had invested in 43 cryptocurrency-related companies.
These range from exchanges and investment firms, such as Polychain Capital and Bitstamp, to coins, such as Augur. Morehead is on the board of Bitstamp, a cryptocurrency trading exchange that is used by CME as an input for spot prices. The Winklevoss twins are focused on building an ecosystem to attract institutional investors and day traders to the cryptocurrency. The Winklevoss brothers have also applied to set up a bitcoin ETF to make the cryptocurrency accessible to retail investors.
What Does Hold In Store? There is a limited amount of gold on earth. As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.
The same is true with Bitcoin. There are only 21 million Bitcoin, and as time goes on, they become harder and harder to mine.
In addition to being scarce, bitcoins are useful. Bitcoin provides sound and predictable monetary policy that can be verified by anyone. Bitcoins can be sent from anywhere in the world to anywhere else in the world.
No bank can block payments or close your account. Bitcoin is censorship resistant money. Bitcoin makes cross border payments possible, and also provides an easy way for people to escape failed government monetary policy.