A trio of former Citigroup executives who left the bank in March have formed Motus Capital Management, a crypto hedge fund.
The firm says it wants to make it easier for high-net worth individuals to bet on cryptocurrencies.
Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said via Bloomberg.
Kriete says clients are having difficulty identifying what’s “scammy” vs “real investment opportunities.”
I know retail investors are going to have a lot of opinions on this.
Let’s break it down some more.
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Who are the crypto hedge fund trio?
Kriete and Girasole left Citigroup less than a year after being picked to oversee a new digital-assets group inside the Wall Street giant’s wealth-management division.
Before that, Kriete managed $3 billion and Girasole $5 billion for Citigroup private-bank clients.
Cavallo was most recently an investment counselor at Citigroup, where he oversaw $8 billion of assets and held roles inside the firm’s cross-asset sales and trading division according to Bloomberg.
All three are investing their wealth in Motus Capital Management.
This is one of the first crypto hedge funds to emerge in the crypto space.
And where there’s a hedge fund, we already know there are bets towards the downside.
Motus Capital Management to offer growth and income funds
The crypto hedge fund says it plans to offer clients growth and income funds.
The growth fund will focus on investing in tokens with smaller market capitalizations that larger funds find it harder to invest in, Cavallo said.
“We think we hit the sweet spot,” he said. “With assets like Bitcoin and ETH, clients can do that on their own. They don’t need to pay someone to buy Bitcoin.”
Crypto hedge funds are relatively new and only have about $3.8 billion in assets under management globally according to a report by PwC.
Less than half of all crypto hedge funds have assets under management of more than $20 million, PwC found.
I expect this side of the industry to exponentially grow this decade.
Citadel’s Ken Griffin said he would provide crypto opportunities to his clients if the asset class became strictly regulated.
Crypto is taking over the new world as businesses such as AMC Entertainment and Tesla transition towards accepting cryptocurrency as a form of payment.
Do you think hedge funds should enter the crypto space?
Who’s to say the SEC won’t begin to establish regulations to attribute to hedge funds over retail investors?
Similar to the stock market.
Investors are going to want to keep a close eye on the development of such regulations and ensure the crypto market’s integrity doesn’t get broken.
The crypto market, though a highly speculative market, has been accurately based on supply and demand unlike the stock market where many institutions have blatant power over retail investors.
Let me know in the comment section below if you’d like me to cover topics regarding crypto regulation.
And if you do, also be sure to join the newsletter to get email notifications and updates on new articles.
There’s no doubt Shiba Inu Coin will continue to eat zeros as retail piles in before the ‘meme’ token reaches $0.01.
SHIB is currently trading at $0.000027 and is up 9.98% on the weekly chart.
Can SHIB reach $1 per token?
In order for SHIB to reach $1 per token its market cap would need to be in the trillions.
Having this come to fruition would be quite difficult.
However, because this cryptocurrency is still relatively new, investors have a chance at becoming profitable in the long-term as the market cap increases and new traders buy in.
Many of my readers were able to profit from the run back in October when I sent out a newsletter advising the token was looking very bullish.
If you’re on my Patreon, you saw I purchased the cryptocurrency a few days before it skyrocketed.
SHIB has been consolidating extremely well in the 20s which mean it’s found a new foundation.
If you missed the first and second run, this could prove to be a great entry point.
We’ve also seen that SHIB’s typical holding time has drastically increased to 112 days meaning investors are holding this cryptocurrency.
And it’s not difficult to see why.
The room for growth is massive.
Are you holding more than 1 million SHIB?
If you’re holding more than 1 million SHIB leave a comment below.
What is your personal Shiba Inu Coin price target and where would $0.01 put you at?
If you’re not a fan of Robinhood but would like to purchase SHIB, I recommend buying the token on Coinbase.
There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.
Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.
Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.
Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.
Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.
Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust.
Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.
Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.
Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.
How Does Cryptocurrency Work?
As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.
Mining
Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.
Buying, Selling, And Storing Cryptocurrencies
Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.
Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.
Investing Or Transacting
Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.
Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.
How Did Cryptocurrencies Become So Popular?
Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.
Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.
However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.
Conclusion: Should I Invest in Cryptocurrency?
Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.
However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.
Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment.
Cardano (ADA) has not gained much coverage from mainstream media due to other trending topics taking over in 2021.
However, 2022 will be ADA’s biggest year yet.
There’s a lot going on with Cardano and I’m going to break it all down for you in this article.
At the end you will have a clear head to whether ADA crypto could be the right investment for you.
Welcome to Franknez.com – today I’m taking you deep into ADA, what it is, how it works and why 2022 will be a hot year for the cryptocurrency.
Let’s get started!
If there’s another cryptocurrency you think I should dive deep into be sure to leave a comment below at the end of the article.
What is Cardano? What does it do?
Cardano is a blockchain and smart contracts platform with a cryptocurrency called ADA.
The Cardano blockchain was created by co-Founder of Ethereum’s proof-of-work (PoW) Charles Hoskinson, as a more efficient alternative to its counterparty.
Cardano is a third generation, decentralized proof-of-stake (PoS) block chain platform, which is basically an update from PoW enabling better costs, uses energy more efficiently, and speeds up transaction times.
Charles began developing Cardano and its primary cryptocurrency, ADA, in 2015 and launched both in 2017.
At inception, ADA’s price was only $0.11 per token, ADA’s current price is around $1.05 but has reached ATHs of more than $2.
Where will ADA price be this decade?
Keep reading to find out.
But first, why is Cardano trusted?
ADA runs on the proof-of-stake Ouroboros consensus protocol, where developments are informed by scholarly academic research.
What makes Ouroboros accelerating is that it is highly scalable and sustainably secure.
Not only is it the foundation of ADA, but of a blockchain-built future as well.
“At the heart of Ouroboros is the concept of infinity”
Cardano.org
I’m going to get more into all the innovative things ADA will be providing society with because of this technology down below.
But in short, this third-generation tech is much more advanced than that of Bitcoin and Ethereum, again, more on that below.
As society begins to step into the Metaverse, this is where we’re going to see ADA truly shine with its capabilities in blockchain technology.
ADA is technically still in development
There’s a roadmap to Cardano’s incredible madness.
This is why early adopters are getting in on ADA now before it reaches the fourth era.
Because ADA is a leader in its PoS segment, more on that below, scalability will mean you will no longer be able to invest in the cryptocurrency at this price ever again.
Let’s dive in a little deeper.
What era of Cardano are we in?
There are 5 eras of Cardano’s development.
Byron
Shelley
Goguen
Basho
Voltaire
Thy Bryon era was ADA’s foundation, Shelley was the decentralization step, and Goguen is smart contracts, the era of Cardano’s development we’re currently in.
However, we’re slowing going to begin to see a transition towards the Basho era very soon, the era of scalability.
This is where Cardano will be creating side blockchains to extend capabilities and catering to higher volume transactions.
Here we’ll see ADA’s price really begin to pick up momentum.
And finally, we have the Voltaire era.
This is the final stage in ADA’s development where Cardano will be introducing a treasury system and where network participants will be able to vote on the future developments of Cardano.
During this Era Cardano will be a leader in the crypto world as it already has the technology over Bitcoin and Ethereum.
How will Cardano change the world?
Cardano is currently what Bitcoin was to the world when it was worth only $1 per token.
Bitcoin introduced its PoW technology to the world and created a new form of transacting.
Ethereum then used the same PoW technology.
Cardano on the other hand is using a much more advanced version of transacting through staking (PoS).
You can stake your cryptocurrency with Cardano, essentially earning you interest on your cryptocurrency.
How much can you make staking Cardano?
Currently, 4.60%.
Using Ouroboros, Cardano has is able to securely, sustainably, and ethically scale up to 4 million times the energy of Bitcoin.
In real world, it will change how much more efficiently and effectively businesses make transactions and will play a massive part in the creation of NFTs and avatars in the metaverse.
The NFT gaming marketplace offers the gamer ownership of the in-game assets.
Literal ownership of a block in a game!
This isn’t your standard gaming process; you literally own technology though this creative way of using blockchain technology.
This new generation of mankind will be owners of technology and crypto, creating a new marketplace of bargaining, appreciation, trading, and investing.
Cardano is leading one of the most advanced and innovative ways to use blockchain technology.
As the metaverse is introduced to society, ADA will be a leader in cultivating that process.
And with the proper systems in place, Cardano will be able to handle scalability perfectly.
Thus, entering the Basho era of development.
Cardano Price Predictions
Most price predictions you see on the internet by mainstream finance platforms fail to recognize the massive impact Cardano will have on society at a macro scale.
As the metaverse continues to unfold this decade, Cardano’s prices will eventually level up to Ethereum prices.
The reason being is that ADA has a fixed supply of 45 billion tokens.
When you take into consideration how cheap ADA is at the moment, as metaverse begins to take over, investors and businesses are going to flock to Cardano’s leading technology and crypto.
And because it is fixed, like Bitcoin, a surge in demand is going to create incredible growth in the next few decades.
Where will ADA price be in 2022?
Founder Charles Hoskinson is predicting Cardano will skyrocket to $20 per token in 2022.
If ADA reaches $20 per token this year, investors will nearly 20x their investments from today’s current crypto price.
Before we know it, investors and traders alike will ask themselves how they missed this.
ADA is not a short-term play although it has much short-term growth capabilities.
You’ll want to hold Cardano long-term for appreciation as it goes through new eras of its development and use in the real-world and metaverse.
Can ADA reach Bitcoin numbers?
Taking into consideration the incredible scalability metrics ADA has through its blockchain, reaching Bitcoin numbers is certainly not impossible.
This of course would take time, but the cryptocurrency is scarce meaning supply and demand can take the price to unprecedented numbers.
Cardano is a sleeper crypto waiting to be awoken by not only investors, but by the technology and companies that will need it very soon.
Is Cardano (ADA) a buy?
Cardano is most certainly a buy if you’re looking at its long-term appreciation, scalability, and contribution to society in a blockchain and crypto-innovative world.
It’s hard to imagine that Bitcoin and Ethereum were also once trading at ADA’s current token price.
What is the difference between first and second generation blockchain and third generation blockchain?
The third generation blockchain such as Cardano has higher scalability, higher transaction speeds, and consumes less energy unlike the first and second generations, such as Bitcoin and Ethereum.
ADA’s current price is only a time stamp of where Bitcoin and Ethereum once were in our timelines as well.
Where can I buy Cardano (ADA)?
You can buy Cardano through a variety of platforms, but I personally use Coinbase because it’s secure and very easy to use.
ADA is sitting triumphally amongst the top 10 most popular cryptocurrencies in the crypto market.
It’s yielded investors a whopping 7,330.54% return since its inception in late 2017.
What I find incredible is that this is only the beginning for ADA.
If you could go back in time today and secure Bitcoin or Ethereum at $1, would you?
I have a feeling ADA is that opportunity again.
The latest Cardano news of 2022
Lastly, I want to share with you this incredible video covered by Max Maher on the latest Cardano news for 2022.
This video is going to further provide you with value on Cardano’s journey for the new year.
Overall, the sentiment behind ADA’s future is very bullish.
Be sure to bookmark this article for new updates or follow me on my social media platforms below for new content.
What are your thoughts on ADA?
Leave a comment below.
Do you hold the cryptocurrency?
And if so, what about its future excites you?
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