According to PANews, Blockchain Asset Management has announced the launch of an exclusive blockchain fund for qualified investors. The new fund has set an investment threshold of $100,000. It also requires that all investors have an annual income exceeding $200,000 and a net worth of over $1 million.
The move by Blockchain Asset Management is seen as a strategic step to attract high net worth individuals and institutional investors into the blockchain space. By setting a high investment threshold and stringent income and net worth requirements, the fund is clearly targeting a specific group of investors who have the financial capacity to make substantial investments in blockchain technology.
This development is indicative of the growing interest and investment in blockchain technology by high net worth individuals and institutional investors. It also underscores the increasing recognition of the potential of blockchain technology in various sectors of the economy.
However, it is important to note that investing in blockchain technology involves a high level of risk due to the volatility of the cryptocurrency market. Therefore, potential investors are advised to thoroughly understand the risks involved before making any investment decisions.