Albert Wegner: capitalization of cryptocurrencies can achieve trillions of dollars in the future
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The new York venture capital firms Union Square Ventures, said that investing in cryptocurrencies. Moreover, the company matches digital assets to tangible long-term investment. Information is confirmed .
theWhy you should invest in cryptocurrency
The Founder of Union Square Ventures Fred Wilson is known for his successful investments in multibillion-dollar projects like Twitter, Tumblr, Zynga, Etsy and Coinbase. Over the past few years the firm became one of the leading in the field of investment in new technology and the blockchain.
For 10 years, USV has formed an impressive portfolio of startups. This includes the largest platform for developers, Stackoverflow, Foursquare, Soundcloud application and service of crowdfunding Kickstarter.
This week in an interview with CNBC managing Director of USV albert Wegner admitted that the company is focusing a significant portion of their capital on the stock market. Union Square Ventures is also focused on long-term investment in promising blockchain startups.
However, the company has no plans to create a separate Fund for the crypt. We will remind, more recently venture capital firm Andreessen Horowitz creating their own cryptocurrency Fund A16Z. Wegner did not see the last serious competitor, in his opinion, both companies have still a lot of space to grow without competition.
The Analyst also added that any cryptocurrency that can survive several bubbles and serious corrections in the future will reach capitalization in the trillions of dollars.
Investors poured a lot of money here, because I see the potential of the blockchain. If the technology can survive for at least a few years, it would be valued in the trillions of dollars. It's not crazy, believe me. Of course, not every project will reach such heights.
Albert Wegner, an early investor in cryptocurrency, the expert examines in detail the stock market for several years now. He States that investors should not rely on unconditional domination of Bitcoin. Especially if a large part of their savings in this coin.
I don't think you should say "I will hadlich only Bitcoin". At the moment the whole industry is a very risky place, so making large bets even on the largest cryptocurrency dangerous.
The Best tactic, Wegner calls diversification. Novice investors need to study in detail different projects, and try to most effectively allocate their funds between several blockchain startups.
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