As Bitcoin tumbles, new fund offers crypto holders an easy exit
It advises them to diversify by using their cryptos to invest in a traditional asset class, in this case private companies about to go public
Sat, Jan 20, 2018 - 5:50 AM
"They need to diversify - take a portion of the profits and do what Mark Cuban did. . . Diversify it - whether you put it in a fund or into real estate or into an ETF. But please, please take some of your profits and put it somewhere else." Marcus New, CEO and chief entrepreneur of InvestX Financial (Canada)
MANAGERS of a new investment fund have a message for those who made staggering gains from Bitcoin before the recent selloff: diversify and avoid the fate of early dotcom believers who were wiped out when tech crashed. "They need to diversify - take a portion of the profits and do what Mark Cuban...