Describe the company?
Bitdollar Fund is the world’s first collectively managed fund. The cryptocurrency components of the fund are set by its founder, however, every year the registered holders of Bitdollar will be able to participate in annual elections to determine both the cryptocurrency components of the fund as well as the percentage allocations for each component. Specifically, before every annual election, the registered investors of Bitdollar will give their arguments for which blue-chip cryptocurrencies are the best and what percentage each cryptocurrency component deserves, and these arguments will be made and defended in terms of fundamental analysis. Overall, the participating and active investors of the Bitdollar Fund community will collectively manage the fund and lead the discussion on fundamental analysis. It is this collective investing, or investing by consensus in a fully transparent way, that is the value proposition not just for the performance of the fund, but for the entire Bitdollar Fund community as well.
Another way to think of Bitdollar Fund is a worldwide cryptocurrency investment club with perfect voting rights. People join local investment clubs due to its social nature and to benefit from the collective knowledge of its members. Bitdollar Fund will do this on a worldwide basis with perfect voting rights (which local investment clubs tend to lack), allowing its members to benefit from the collective knowledge of a global network of cryptocurrency investors, as well as benefit from potential networking opportunities with others. It is these aspects that make this fund model superior to the traditional centralized model of a few guys in a room making the investment decisions for everyone else and charging high fees for it. In the years ahead, being able to participate in such a knowledgeable and diverse community in the crypto space should also be particularly appealing to those that are new to cryptocurrencies, and we believe that our branding is conducive to successful future mass marketing campaigns going forward.
It is important to note that every Bitdollar also contains non-core cryptocurrency components, which ideally are backed by physical assets such as oil and gold in order to provide returns that are unrelated to the core cryptocurrency components. Regardless of what others might say, true diversification in financial assets comes from uncorrelated returns among different asset classes, not just having a bunch of the top cryptocurrencies in a fund and calling it “diversified”. The benefit of diversification is questionable in an immature market such as cryptocurrencies, and cannot be expected to have the same level of impact as it would in a mature market, such as stocks. It is this exposure to uncorrelated returns via asset backed cryptocurrencies that allows for lower volatility, which results in a relatively safer place for those that are new to cryptocurrencies to get started while also offering the learning resources of the Bitdollar Fund community.
How are you different?
As the world’s first collectively managed fund that will hold annual elections to determine the cryptocurrency components of the fund as well as the percentage allocations to each, we are already different than everyone else since no one has done this before. However, we didn’t stop there; we also want to facilitate research in the cryptocurrency community and offer charts, news, member forums, and videos all under the Bitdollarfund.com site and app. For those getting started in cryptocurrency investing today, these sources of information are spread out over several sites and can be initially confusing. We plan to make things a lot easier in this regard. There will also be an account dashboard and the ability to vote in elections on the site and mobile app.
Additionally, Bitdollar Capital (the management company of Bitdollar Fund) aims to provide clarity to the cryptocurrency community, reduce the number of bad investments made, and provide a safer entry point for those wanting exposure to blue-chip cryptocurrencies (Bitdollar Fund) or ICOs (i2 Fund). If successful in achieving widespread popularity with its collectively managed funds, Bitdollar Capital will be effectively self-regulating the cryptocurrency market in a way that makes sense; by pursuing optimal returns in cryptocurrencies through sound due diligence and fundamental analysis as a community. We envision having both in-house analysts and regional analysts from the community to facilitate the due diligence necessary to truly understand the entities behind these cryptocurrencies. This level of research and clarity is currently missing in this immature market today, and an investment in either of Bitdollar Capital’s collectively managed funds is in essence an investment in the cryptocurrency community itself.
Why will you do well?
We will do well because of the originality of our concept, the high degree of intellectual capital on our team, and the high quality of our branding which is designed not just to be “innovative” and “futuristic” like everyone else, but also “cool”, “youthful”, and even “luxurious”. We aim to lead and be a pioneer in this industry in many respects.
Where are you based?
Bitdollar Fund is located in the Cayman Islands. Bitdollar Capital, the management company of Bitdollar Fund, is located in Estonia.
When was the company launched?
Bitdollar Fund was established in early 2018.
What have been your biggest wins to date?
Our biggest wins thus far are finalizing the concept, forming the team of founders and advisors, and announcing and the project and site.
Who are you trying to attract to your product?
In the short term, we are trying to attract cryptocurrency enthusiasts that seek value but are cautious. Given that our fund has underlying cryptocurrency assets involved, it is far less dependent on hype and hope like many other ICOs out there. In the long term, we are trying to attract the many people out there that don’t have any experience with cryptocurrencies, but are interested and want to learn. We aim to attract them and provide value by offering them a relatively safer environment with less volatility to start, as well as access to plenty of our community resources to begin learning about the field.
What tips would you give to others looking to build their business?
I would advise to stick with it and keep fighting no matter the adversity. As long as you have the desire and resources necessary to achieve your goals, go for it! Don’t let others bring you down, regardless of if they mean well or not; you ultimately have to listen to your inner voice in life and try to minimize your regrets. Reach out to others that might be interested in helping you on your journey.
Tell us about your team?
We have an absolute all-star team of founders that consists of accomplished, real world professionals in the areas of finance, marketing, business development, and IT. The team can also with pride claim 3 MBA graduates from 2 of the top universities in the world (Cornell University, University of Michigan) and an IT professional from Google as its founders.
What are your plans for the future?
We will be holding phase 1 of the Bitdollar ICO soon. The pre-sale for Bitdollar Fund begins August 18th, and the ICO begins September 22nd of this year. However, Bitdollar Fund is not the only planned collectively managed fund from Bitdollar Capital. The second planned collectively managed fund from Bitdollar Capital will be the ICO Innovation Fund, or “i2 Fund” for short. This second fund will focus its investments on ICOs, and its cryptocurrency will be called iCash. The ICO for i2 Fund (and iCash) will take place in early 2019. Both collectively managed funds will offer multi year ICOs designed to get a high amount of assets under management, or AUM. The reason a high level of AUM is important is so that the funds and their respective communities can have the strategic bargaining power necessary to influence major entities in the blockchain space to make improvements for the better. As previously stated, if these funds can gain widespread popularity, it would in essence effectively self-regulate the cryptocurrency market through sound due diligence and fundamental analysis as a community, both of which would be conducted in the collective pursuit of optimal returns.
What are your favourite tech gadgets?
My iPhone and iMac are my favorite tech gadgets.
What tech gadgets do you wish you could use to help you?
I wish that I could get my iPad to help me (I guess), but it is so old, slow, and badly needs to be replaced. I will get to it one day I suppose; I hardly use a tablet anymore.
Anything else you’d like to add/we should have asked?
The pre-sale for Bitdollar Fund begins August 18th, and the ICO begins September 22nd. Please check out bitdollarico.com for more details and for our white paper.
How do people get in touch with you?