Introducing WhitePark Capital
Blockchain and cryptocurrency have been receiving a lot of attention from institutional investors. The Rothschild Investment Corporation purchased $210,000 worth of Bitcoin Investment Trust ($GBTC) shares in 2017, Goldman Sachs backed Circle bought cryptocurrency exchange Poloniex in February for around $400 million, and Soros Fund Management recently made the decision to begin trading virtual currencies.
Because investor interest in blockchain technologies and digital assets is increasing, government organizations have been investigating cryptocurrencies so that proper regulations can be created. The attention from G20, the CFTC, the SEC, and the Senate shows that government organizations support blockchain technologies and cryptocurrencies, and that they want to protect investors against fraud and manipulation.
Platforms like Coinbase, Circle, Robinhood crypto and the futures markets run by CME Group and Chicago Board Options Exchange (CBOE) show that cryptocurrencies have the ability to trade like traditional investment products. There are over 1,500 digital assets, 10,000 digital asset pairs traded, and the cryptocurrency market cap is $327 billion as of April 18, 2018 (Investing.com). The record-high market cap was $819 billion on January 6th, 2018, and investors are anticipating that the cryptocurrency market will exceed that level in the future.
Both the blockchain and cryptocurrency industry are relatively new. Bitcoin was first released in 2009, and before Bitcoin’s price passed $2,000 on May 20, 2017, the words “blockchain” and “Bitcoin” rarely made appearances in the media. Because the blockchain and digital asset industry are so new, a number of people do not have an accurate understanding or have had personal experiences with digital assets and blockchain technologies yet. Due to technological hurdles, some people do not know how to get involved or invested.
We are happy to announce that WhitePark Capital has been created to provide a convenient legal infrastructure for accredited and institutional clients who are unfamiliar with blockchain to invest in these burgeoning industries.
Our portfolio consists of blockchain assets and early stage investment vehicles including Initial Coin Offerings (ICO’s). With backgrounds in investment management, investment banking, data science, quantitative finance, and experiences with blockchain that date back to 2013, WhitePark Capital seeks to achieve additional alpha through fundamental and quantitative analysis techniques.
At WhitePark Capital, we believe that blockchain technology gives an opportunity to create an open financial system for the world, it brings revolutionary changes, creates new markets, and gives entrepreneurs and programmers the freedom to launch new ventures without having to rely on traditional models of finance. As a result, our fund is deeply engaged in the advancement of businesses, technologies, and social objectives.
WhitePark Capital aims to help investors participate in these emerging markets that have the potential for massive growth and to deliver high returns by acting on our fundamental and quantitative skill set.
Email: contact@whitepark.capital
Twitter:@whitepark
Website: www.WhitePark.capital
Disclaimer:
This article is an informational document and does not constitute an investment recommendation, investment advice, an offer to sell or a solicitation to purchase any assets or any entity organized, controlled, or managed by WhitePark Capital LLC (“WhitePark”) or any of its affiliates. This article is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations.
The views expressed in this article are the subjective views of WhitePark personnel, based on information which is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The information contained in this letter is current as of the date indicated above. WhitePark does not undertake to update the information contained herein.
It is strongly suggested that investors obtain independent advice in relation to any investment, financial, legal, tax, accounting or regulatory issues discussed herein. Analyses and opinions contained herein may be based on assumptions that, if altered, can change the analyses or opinions expressed. Nothing contained herein shall constitute any representation or warranty as to future performance of any financial instrument, credit, currency rate or other market or economic measure.
