Brazil largest investment bank just created a 100% cryptocurrency backed fund

[ryap12]

When regulated institutions like this are investing money in cryptocurrency I do wonder what’s their main plan, and they are aware of the fact Bitcoin is volatile, so what plans do they have in a situation whereby the market starts falling? They are going to be losing of course, so what are they going to do about it, steady hold their investment stored in crypto no matter what?

Or are they going to be the type that are trying to just benefit only when the market starts experiencing huge growth? For sure that’s the main target of everything.

I think they made it that way for long-term investors only. As you see only "rich" people or those who can afford have been accepted. They must have foreseen for bitcoin price to keep on growing. Assigning people to trade their invested funds would be a bit risky for being stolen or getting negative profit. Hope they will open it for the entire world or that other banks would imitate them. That will definitely bring more people into crypto.

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[AicecreaME]

Brazil made a great move to stabilize an investment for specific market for the upper society. This is a good news to those who belong to that classification, but a bad news to small investors planning to invest in crypto. It will be much easier to those big corporations, companies, establishment, and investors, while not much to those small tine enterprises.

However, many investors will soon invest in crypto that would make an increase in price of btc in the future. The more investments bitcoin will have, the better price it will have. Bitcoin will also become trusted and reliable form of investment if many will patronage investing in it.

Hopefully this feature would also be available to the small corporations and common people that aim to invest as well. It's nicer to be utilized by everyone and not just for elites.

[BChydro]

This fund is not available for small investors, only corporative investors or very rich people.
Now rich people and corporate funds are going to be able to buy bitcoin easier in brazil.

Does that mean that the bank is giving out loans for people who are having high credits, if that is the case it will be a risky proposition as the cryptocurrency market is really volatile and we might see people suffering big loss when the market goes down after a big rally, will see how this will go and whether it will boost anything.

[Shasha80]

This is very exciting news, because good things will happen if the rich people and corporate investors start buying large amounts of
Bitcoin for investment. Of course this will make the price of Bitcoin go up even more, I hope not only Brazil will do this. Hopefully other
countries can do the same. As we know the development of Bitcoin in Brazil is increasing, It's no wonder Brazil's largest investment bank
accepts cryptocurrency backed funds.

[ultrloa]

This fund is not available for small investors, only corporative investors or very rich people.
Now rich people and corporate funds are going to be able to buy bitcoin easier in brazil.

Does that mean that the bank is giving out loans for people who are having high credits, if that is the case it will be a risky proposition as the cryptocurrency market is really volatile and we might see people suffering big loss when the market goes down after a big rally, will see how this will go and whether it will boost anything.

I'm sure banks are doing some studies regarding on to that scenario and they will not execute those particulars if they know people will suffer from huge loss, although it's really risky but worth to try since for now crypto is in good shape and can have potential to economically re shape the status of the country or certain individual. But let see if they will success on this.

[South Park]

it was a good news and i feel happy not till i read this

This fund is not available for small investors,

as a small investor like myself this is a bad news but this only applies to this bank . small investors still have a chance if there will be banks that make a simillar concept but this time it will only be made specifically for small investors.

on the brightside , this can still up the market of bitcoin in a faster way even without the help of small investor because we are talking about large companies and rich people on here .

This just means that a small investor will need to invest in cryptocurrencies by himself, which is not that hard, a person looking to make their own portfolio could just invest most of his money in the top 5 coins and then a small portion on high risk investments, that way if he fails on selecting some of those high risk coins then he does not lose a huge deal of capital but if he gets it right then he still gets some decent profits, the only difference is that you are the one that will need to monitor your investments but that is not difficult at all if you ask me.

[Ridwan Fauzi]

This is very exciting news, because good things will happen if the rich people and corporate investors start buying large amounts of
Bitcoin for investment. Of course this will make the price of Bitcoin go up even more, I hope not only Brazil will do this. Hopefully other
countries can do the same. As we know the development of Bitcoin in Brazil is increasing, It's no wonder Brazil's largest investment bank
accepts cryptocurrency backed funds.

Everything will have plus and minus, corporate investor will make bitcoin price more volatile than now, you could see the price fall several percent and up several percent that could lead a bad impact for retail trader. Yeah, I feel it right now, the price of bitcoin is cannot be predicted easily anymore, in several times I was wrong to predict it and make me loss in some my day trade. It would be good if their intention to invest in bitcoin is for long term investment, the good thing will come if they choose it because as much as they hold bitcoin the price will be stagnant and this will make many people interested to having bitcoin.

[justdimin]

Brazil has a ton of things they need to fix first in order to make a difference in the crypto world. I am not one for judging any nation but they are really not doing that well and that means if they want to make a difference in the crypto they need to be big in economic world as well, considering they can't change the world's economy all that much because they are not that rich, this can be done by like 5 or 10 nations, probably not even 10, just 5 nations.

This is why I believe it is quite important to realize that these type of moves are nice for individuals in Brazil who are interested in crypto, this means Brazil is becoming more and more pro-crypto so people here who are from Brazil should be happy about it but this is not a global thing.

[sana54210]

We also need Brazil to realize that amazons are not something to toy with and you can go as 100% crypto as you want but if you do not save amazons that is hurting the world so much that we are never going to be the same ever again.

Having just one good news coming out of Brazil will not make the world a better place, maybe Brazil will be looking at crypto like it is the greatest thing ever and thanks to Brazil approaching crypto as a good thing other big nations and even small nations will do and suddenly we have a world where paying with cash/credit/crypto will be standard, so crypto will be added, everywhere all around the world, all thanks to Brazil, yet it would still not negate the fact that they are destroying the world, we will literally die if do not keep amazons safe.

[jaysabi]

Brazil has a ton of things they need to fix first in order to make a difference in the crypto world. I am not one for judging any nation but they are really not doing that well and that means if they want to make a difference in the crypto they need to be big in economic world as well, considering they can't change the world's economy all that much because they are not that rich, this can be done by like 5 or 10 nations, probably not even 10, just 5 nations.

Brazil is the 8th largest economy in the world, larger than countries like Italy and Canada. In fact, it's the largest economy in the western hemisphere after the United States. With a large population and a lot of natural resources, the economy is quite advanced.

[Salauddin1994]

Brazil is a very developed country and in order to further improve their economy brazil's largest investment bank has just created a 100% cryptocurrency backed fund which will further increase the demand for crypto. A lot of good moves for brazil as well as one of the core functions of bitcoin investment banking is corporate financing. In this work the investment bank assists clients in project formulation liaison with regulatory bodies consolidation and acquisition and formation of capital structures.