Bitcoin Enhanced is the first of a new asset class designed to enable investors to de-risk their portfolios by diversifying away from the systemic risks of the fiat financial system. These systemic risks are now at a level that no Fortune 500 executive would tolerate them in their own firm.
The asset class is called Self-Managed Investments (SMI’s). They are built upon two fundamentals of finance, namely:
- People, and only people, create monetary value.
- People can keep an instrument pegged to a specific price.
Like most new things, Bitcoin Enhanced has a long history, dating back to 2005 when its co-Founder, Branton Kenton-Dau started looking into price patterns in the markets. This research developed into the Phi Algorithm that drives the Bitcoin Enhanced value proposition for investors. By forecasting when Bitcoin prices are likely to fall the algorithm seeks to provide better returns than Bitcoin while keeping everything that is attractive about the coin such as its independence from the fiat financial system. Here are some of the key milestones that the project has achieved:
2005 — Birth of the Phi Algorithm that drives BTC forecasts.
2012 — First contracts using the Phi Algorithm to provide forecasts of commodity prices to European propitiatory trading firms.
2015 — First contracts providing forecasts for commodity prices to US corporates
Feb-2018 Bitcoin Enhanced website up and first live BTC forecasts
Mar-2018 Forecast Services Limited incorporated
Sep-2018 Legal clearance that XBE and CBE tokens are not securities
Jan-2019 KYC/AML requirements overcome by trading directly on exchange
May-2019 Forecast Services Limited registered with regulator as a financial provider
May-2019 Associate Professor Nathan Berg joins as principle Adviser
Aug-2019 Pre-launch token offer
Forecast Services Limited, trading as Bitcoin Enhanced, is registered as a Financial Service Provider in New Zealand and is a member of an approved disputes resolution scheme.