Bitcoin’s Biggest Asset Managers Says Zcash Could Hit Over $50,000 Before 2026

in #news7 years ago

In a market as booming as the one for cryptocurrencies, every investor wants to know which horses are worth banking on.

An asset manager of Digital Currency Group, one of the top crypto-focused venture firms, added another fund of digital coins to its portfolio of initial coin offerings: the privacy-focused digital money Zcash.

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Now this company is unfolding its investment report—a document that completely outlines the reasoning behind its selection— for the smart investors.

An associate at Grayscale, adopted some financial modeling to analyset that a Zcash token could be worth more than $50,000 before 2026, up from just under $390 today. That’s roughly about 160-fold increase which isn't bad.

But this hypothetical outcome comes with a major stinch. It seems Zcash comes would represent 10% of all offshore wealth by that predicted time. And that implies that if Zcash comes to represent just 1% of all offshore wealth by 2026, the price per coin could soar a little more than $5,500.

Sponsors of Grayscale have several cryptocurrency investment as well, or funds that give shareholders stakes in pools of virtual assets. In addition to Zcash, Grayscale monitors funds for Bitcoin, the premier crypto coin and Ethereum.

For investors looking to bag in onto what seems to be the next cryptocurrency invest (probably), a checklist through its security and accessibility challenges can be daunting. With its funds, Grayscale aspires to provide easy access to certain crypto assets—most of which have sky-rocket to spectacular heights in recent weeks—where people who have made $200,000 annually for the two most recent years or who have a net worth exceeding $2 million).

The advent of Bitcoin and its stellar rise over the last few years has investors pouring their money into cryptocurrencies by the millions. In what can only be described as the biggest investment opportunity since the dot com boom.

A collective insanity has sprouted around the new field of “cryptocurrencies”, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories – and questions in my inbox – ask whether or not to “invest” in BitCoin.

If you want to invest in cryptocurrencies, here are the essential tips to do it the right way:
=> Beware of the bots.
=> Financial markets are prone to speculations and cryptocurrency trading is no exception.
=> Allocate your assets based on your risk tolerance.
=> Resist overtrading and FOMO.
=> Research properly before investing into a new ICO

PS: If you want to invest in cryptocurrencies, Bitcoin is still a standard item of every portfolio – but it is no longer the onliest asset. In every well-balanced crypto-portfolio today you find other coins, like: A good starting point to put together your portfolio should be the website https://coinmarketcap.

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