In the January 2016 press release of Bnktothefuture .com, it was stated that approximately $1bn in venture capital has been invested in Bitcoin companies in the last seven years. In less than a year approximately 5% of that sum has already been invested through BnktoTheFuture.com.
They have also claimed that 10% of this investment made through them has used the digital currency BitcoinCT r: 10 , that exists without the need for investors to use a bank at all instead of traditional fiat money . Does this mean that the number of investors preferring Bitcoin over fiat is growing? True for all?
Is the investment made through Bitcoin increasing in the entire market or is it true just for BnktotheFuture.com?
Simon Dixon , the CEO of BnktotheFuture.com believes that the 10% investment made using cryptocurrency is unique to them, and in the real world Bitcoin investing is tiny compared to fiat money. He stated: “We are the only online investment platform that is able to compliantly accept fiat and Bitcoin so there is no other comparison. Most coin sales don’t accept fiat as they are not regulated to do so.” Simon Dixon, the CEO of BnktotheFuture.com However, Tone Vays , Head of Research at Brave New Coin, doesn’t agree that the investments are increasing, in fact he stated: “Early adopters are no longer funding many start-ups as the ecosystem has grown and has its own momentum with traditional VCs. The concentration of Bitcoins in a few hands has also been greatly mitigated.” Michael Patryn , Founder of Fintech Ventures Group was also sceptical of this increase and stated that most relevant investors still prefer to utilize traditional payment methods to make an investment due to accounting and legal reasons. Why Bitcoin?
As per Simon Dixon, “The main incentive to invest […]