A Hong Kong-based researcher is claiming that Asian crypto funds are returning vastly higher profits than their U.S. peers.
As reported by News BTC, Jason Chui of financial service firm Spartan Capital said Asian crypto funds did 20 times better than their “high signalling” U.S. peers in the first quarter of 2019, despite enjoying far lower social media coverage. He also said these funds were rising on stronger fundamentals, specifically token design, crypto theses, and governance.
Choi did not provide statistics which could measure the success of Asian crypto funds against their U.S. counterparts but instead present a list of funds that he said were playing a crucial role in bridging the gap between cryptocurrencies and mainstream finance. Notably, nearly all of them have fewer followers than U.S. crypto funds.
One example he cited was Singapore-based Block Crafters Capital, which had a relatively new Twitter account with only 65 followers, but was nevertheless a major contributor to Aergo’s US$30 million fundraiser project that reportedly raised capital from South Korean giants Samsung and POSCO.
The market valuation of the blockchain project has been rising ever since it went live across limited crypto exchanges. By December 2018, Aergo was worth US$2.2 million and exceeded US$14.5 million as of April this year, a phenomenal jump of 561.818%.
Asian funds are showing a profound appetite for new age digital assets and the industry that has been emerging around it. With increased capital flow and favourable regulatory environments, the sector is certain to continue facilitating new opportunities for investment.
About Asia Blockchain Review
Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.
Follow Asia Blockchain Review on:
We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us