5 Coins to $5 Million: The Final 5 – Teeka Tiwari’s Jetinar is March 18th

What do you get when you combine the number one most trusted man in cryptocurrency, a private jet, and a free online webinar event? Well that would be Teeka Tiwari’s 5 Coins to $5 Million: The Final 5 Jetinar of course.

Teeka’s acclaimed financial newsletter service, Palm Beach Research Group, has launched a new marketing campaign called The Final 5 Coins to $5 Million where he will be revealing five more cryptoassets he thinks will be positioned to turn a $500 investment into nearly $5 million during the next crypto bull market run.

The Jetinar event campaign features Teeka Tiwari, described as “the #1 most trusted person in cryptocurrency”. Palm Beach Research Group has launched the 5 Coins to $5 Million campaign before, back on September 18, 2019. We saw this campaign appear multiple times throughout 2019.

The March 2020 version of the campaign is similar: it promises to show investors five small cryptocurrencies “that could turn $500 into $5 million”. This version of the campaign is called “5 Coins to $5 Million: The Final 5”.

Can you really become a crypto millionaire by following Palm Beach Research Group’s investment advice? Let’s take a closer look at what 5 Coins to $5 Million is and what you’ll learn.

Reserve Your Seat Right Now to Watch Teeka’s Jetinar Live

What is 5 Coins to $5 Million: The Final 5?


5 Coins to $5 Million: the Final 5 is a webinar taking place on Wednesday, March 18, 2020 at 8pm EST.

The webinar, hosted on a $45 million Gulfstream GV private jet, is led by Teeka Tiwari, the lead editor at Palm Beach Research Group.

During the webinar, Teeka will tell you about five small cryptocurrencies that he expects to skyrocket in value over the coming months.

Teeka believes the upcoming bitcoin halving will send cryptocurrencies skyward. In 2020, bitcoin’s block reward is scheduled to be cut in half. Previous bitcoin halvings have sparked bull runs. Teeka believes 2020’s halving will do the same – not just for bitcoin but for other cryptocurrencies:

“This is a phenomenon with the extraordinary potential to make you up to $5 million richer, less than a year from now… from placing $500 into only FIVE tiny cryptocurrencies.”

Yes, Teeka claims that investors who follow his crypto recommendations can earn enormous returns. By investing just $500 today, you may expect to earn up to $5 million within the near future given the performance of these highly-specialized, deeply-vetted altcoins Teeka and his Palm Beach Confidential team have uncovered.

“This crypto phenomenon won’t happen again until 2024,” explains Teeka, but it is not only about the bitcoin halving and that is what he will be revealing during his Jetinar webinar on March 18th.

How to Attend 5 Coins to $5 Million

5 Coins to $5 Million is a free online event.

You can attend the event simply by visiting 5coinsto5million.com and entering your email address into the online form.

On the day of the event, Palm Beach Research Group will email you a link to the webinar.

Reserve Your Seat Right Now to Watch Teeka’s Jetinar Live

What Are the Five Coins Featured on 5 Coins to $5 Million?

Teeka has not yet revealed his five coins to us or anyone else. He’s keeping the coins a secret until the March 18 reveal.

However, here are some things we know about Teeka’s five tiny coins:

During the last bitcoin halving in 2016, the five tiny coins “skyrocketed beyond anything any investor – in any asset class, at any time in human history – had ever seen before,” explains Teeka

The coins are located in a subsector of the crypto market “which 99.99% of people do not realize exists”

Teeka claims the coins earned returns of 350,549% and 1,001,860% during the last bitcoin halving

Some of the coins are currently trading for less than $0.01.

To give context, Teeka’s Palm Beach Confidential newsletter, which is the service behind the 5 Coins to $5 Million: The Final Five report, has successfully picked the best performing cryptoasset in the past 4 years.

What Will You Learn During 5 Coins to $5 Million?

During the webinar on March 18, Teeka will explain the next big crypto investment opportunity. Topics covered will include:

  • Why this crypto phenomenon (the bitcoin block reward halving) is 100% guaranteed to happen in 2020
  • The top 5 coins to profit from the bitcoin halving, including coins that trade for as little as $0.01 today
  • Why this crypto phenomenon won’t happen again until 2024
  • How Teeka’s friend, “one of the richest men in crypto”, is preparing
  • The real reason bitcoin had its best start to a year since 2012

It is a pretty special ordeal and Teeka has usually delivered fireworks during his presentations like this over the past few years. Having recommended Ethereum to his loyal followers when it was under $10 ETH/USD and put out documented reports telling his subscribers to buy bitcoin when it was under $500, Teeka also lead with recommending all of his first round of people who bought the 5 coins to $5 million report to buy $LINK.

Chainlink, which was under a $1.80 LINK/USD price back in middle of September 2019, is now nearly $4.50 LINK/USD just 6 months later today. All of the other four coins featured in his original 5 Coins to $5 Million Report have also posted triple digit gains in the last half year. Now, the 5 Coins to $5 Million: The Final 5 is going to give cryptocurrency investors an additional five altcoins to consider adding to your portfolio.

Reserve Your Seat Right Now to Watch Teeka’s Jetinar Live

What is the Bitcoin Halving?

Teeka talks about a mysterious crypto event scheduled to take place in 2020. It’s no secret: the event is the bitcoin block reward halving.

Roughly every four years until the year 2140, bitcoin’s block reward is scheduled to be cut in half.

When bitcoin launched in 2009, the block reward was set at 50 bitcoin (BTC). Miners received 50 BTC for every block they mined, with one block mined every 10 minutes.

Since then, the block reward has halved twice, dropping to 25 BTC and 12.5 BTC.

On May 12, 2020, bitcoin’s block reward will be cut in half again, dropping from 12.5 BTC to 6.25 BTC.

Why is this important? It’s important for two reasons:

Bitcoin’s block reward halving has historically led to surges in crypto markets. Bitcoin surged to its all time high in 2017, starting its rise just months after the last halving, for example. A similar phenomenon occurred in 2012.

Bitcoin’s block reward is like bitcoin’s inflation rate. It’s the only way new bitcoins are added to the total supply. When block reward drops, it means bitcoin’s inflation rate drops. That means bitcoin becomes scarcer. If demand stays the same while emission rate drops, then prices will inevitably rise.

Teeka Tiwari believes bitcoin’s next halving is a great investment opportunity. The last bitcoin halvings caused crypto markets to skyrocket, and Teeka believes a similar phenomenon will occur in May 2020.

Teeka, by the way, isn’t alone in this belief: plenty of people are quietly accumulating bitcoin today in preparation for the next halving. There is an excellent guide online about the bitcoin halving where investors can see what the 2012 and 2016 halving effect did on the price of bitcoin too. The same site also has an extensive overview of how the first 5 Coins to $5 Million report performed for those interested.

What’s Included with 5 Coins to $5 Million?

5 Coins to $5 Million is free for anyone to attend. However, anyone who enters their email into the online form will receive certain bonuses, including:

  • Access to the 5 Coins to $5 Million webinar
  • Access to The Crypto Academy, an online crypto training center
  • Captain’s Lounge training sessions with Teeka
  • Entry to the Palm Beach Confidential membership sweepstakes
  • Q&A session with Teeka on March 18

Teeka claims these bonuses are worth $5,000.

Reserve Your Seat Right Now to Watch Teeka’s Jetinar Live

Who is Teeka Tiwari?

Teeka Tiwari is an investment analyst and former hedge fund manager. He’s an editor at Palm Beach Research Group, an alternative financial analysis organization.

Teeka is editor of Palm Beach Research Group’s flagship newsletter, The Palm Beach Letter. He’s also the crypto advisor for Palm Beach Confidential, and he contributes to other newsletters offered by the company.

The sales page for 5 Coins to $5 Million describes Teeka Tiwari as a “crypto oracle” and “the #1 most trusted person in cryptocurrency”. He’s purportedly “the go-to analyst in the crypto space”.

Teeka’s claim to fame is that he purportedly recommended investors buy bitcoin in 2016 when it was trading at $428. Around the same time, he also recommended that investors buy Ethereum when it was trading for $9.

Teeka has been marketing his 5 Coins to $5 Million campaign online since 2019. The March 2020 event is the latest version of the campaign.

Final Word

Bitcoin’s block reward is scheduled to be cut in half on May 12, 2020. On that day, bitcoin’s block reward will decrease from 12.5 BTC to 6.25 BTC.

Crypto analyst Teeka Tiwari believes bitcoin’s next halving is a great opportunity for investors. In fact, Teeka claims anyone who follows his investment advice can turn a $500 investment into $5 million.

The 5 Coins to $5 Million event is free for anyone to attend. You can sign up today at 5Coinsto5Million.com.

Reserve Your Seat Right Now to Watch Teeka’s Jetinar Live

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Author: Andrew Tuts

Israel Securities Authority Is Looking To Private DLT Exchanges To Model Its Regulations

Israel’s securities regulator is calling on private sector players to submit proof-of-concept for Distributed ledger technology (DLT) backed virtual assets trading platforms.

According to CoinDesk, Israel Securities Authority (ISA) held a conference on Jan 20 in Tel Aviv where it announced that it was set to provide a full virtual value chain meant for investors which will comprise of virtual assets which are held, traded as well as settled through DLT. in connection to this, the agency is now calling for the players in the industry to submit their pitch that must have proof-of-concept.

The regulator stated that after the completion of this stage, it will come up with requisite regulation which will make it easy for the launching of digital platforms in the country’s capital market.

As per the conference notes, DLT presents not just a capital markets evolution, but it has become a necessity and Israel and the securities regulators should work towards creating an enabling environment. Majority of the people who presented their views during the conference stated that fresh and low-cost DLT-based platform have the potential of opening up extra financial opportunities for new entrants in the market. The regulator also indicates that Israel can be an example to other securities regulators around the world.

The endorsement of DLT by the authority comes a few days after a committee that was created to analyze the technology for half a year, taking into account all the technology aspects ranging from issuance of tokens to smart contracts. According to the committee’s report, DLT can transform the country’s capital market and can propel the market as the center of global technology. The committee also found that DLT could be a solution for faster settlements and can help to streamline clearance.

The committee also states that DLT in capital markets has an advantage especially in IPOs, clearance and trading. They also found that DLT will help in lowering associated costs. The technology can help in spurring innovation in the market and open up the market to many players as well.

ISA uses DLT through its messaging platform ‘Yael’.

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Author: Joseph Kibe

Swiss Private Banking Giant Julius Baer Adds Digital Asset Trading And Crypto Custody Services

The major Swiss wealth management and private banking group Julius Baer just launched, in partnership with Seba, its new custodial and trading cryptocurrency services.

The announcement was made on January 21, after the minority equity stake acquisition from 2018 and the partnership closed with Seba Bank AG, which happened back in February 2019. According to the announcement, Julius Baer’s entrance into the crypto space has been postponed because Seba had to be regulated.

Julius Baer Says Crypto Services Are in Increasing Demand

While not too many details on the offering have been given yet, it’s very likely Seba’s capabilities and platform are going to be used. In order to meet the rising need, Julius Baer will offer services such as crypto transaction solutions, custody of digital assets and overviews on a consolidated portfolio for both digital and traditional assets. According to their security, liquidity and technical robustness, the bank is going to select the most important cryptocurrencies. It hasn’t yet mentioned anything about the offered assets.

Seba is Fully Regulated

Seba was given its FINMA license at the same time with Sygnum. Back in December 2019, it started offering services to accredited and institutional investors from 9 new countries. It provides a wallet app plus banking and card facilities for more than 5 of the most important cryptocurrencies, such as Bitcoin (BTC), Litecoin (LTC), Ether (ETH), Ether Classic (ETC) and Stellar (XLM).

Seba investors are also offered crypto to fiat and crypto to crypto conversion services. Furthermore, the bank gives enterprise accounts to blockchain companies and their employees. As reported, Sygnum is too looking to expand globally, as it’s in talk with regulators to obtain a license for banking in Singapore.

Blockchain Technology Can Change the Financial Services Game

Back in the fall of 2019, the chief strategist and head of research and investment solutions at Julius Baer, Christian Gattiker-Ericsson, said cryptocurrencies are in a “Darwinian” selection process, with the winner remaining to be determined. He also noted that blockchain technology can change the game when it comes to financial services.

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Author: Oana Ularu

Cash Hoarding Shoots Up, But it Still Lost Another 2.1% of its Value in 2019: Time for New Money

  • Private investors sitting on a record $1.5 trillion in cash, highest record that doubled since five years ago
  • From rich people to general public everyone holding on to a record pile of cash
  • Competition, low-interest rates, the underperformance of funds, uncertainty about the global economy, and lower returns are the reasons behind the hoarding of cash
  • Cash loses its value every year, the purchasing power of $100 has gone from $100 in 1913 to $3.87 in 2019, as such it’s time for smart money – BTC & crypto

Private-equity firms are stockpiling a record amount of cash. The industry including venture capital had a total of $1.45 trillion in cash to invest at the end of 2019. This is the highest on record and more than double what it was five years ago, according to data from Preqin.

The steady cash stream into private equity is driven by investors expecting lower returns from public markets. The flood of money is driving up the entry prices, said Inigo Fraser-Jenkins, head of the portfolio strategy team at Bernstein Research which could mean lower future returns.

Low global yield is another reason, with the 10-year Treasury yield going below 2% this year investors are looking for better investment alternatives.

Rich hoarding cash as well

But it’s not just private equity that is sitting on cash. Investor Warren Buffet is also sitting on a record $128 billion at Berkshire Hathaway, a 15% increase from the end of 2018.

As a Capgemini World Wealth report stated, High-net-worth individuals (HNWIs) — people with at least $1 million in investable assets — had about 28% of their portfolio in cash in Q1 of this year.

The cash holdings of clients at UBS, the largest wealth manager in the world are 26% while Credit Suisse’s 20%.

Uncertainty over the global economy fears over the trade war between the US and China, and the outlook for equities have led some investors to increase their cash holdings.

General public on the same path

The general public has also taken to hoarding cash as Wall Street Journal’s “The World’s Cash Is Disappearing. Bankers Aren’t Sure Where It Went” article states,

“Banks are issuing more notes than ever and yet they seem to be disappearing off the face of the earth. Central banks don’t know where they have gone, or why, and are playing detective, trying to crack the same mystery.”

Whether it’s distrust in the federal government or the banking system, that’s not really known.

But cheap money isn’t for retail

This year, cash also lost another 2.1% of its value. As a matter of fact, in 1913 when the Federal Reserve was first created $100 had the purchasing power of $100 dollars but has now fallen to just $3.87.

Another problem with fiat is income gap as Tuur Deemester, founding partner of Adamant Capital says,

“Monetary debasement significantly contributes to the wealth transfer from poor to rich. The rich have access to the money before it loses its purchasing power (via borrowing), and thus harvest wealth from the poor. As the money cheapened in the 90s, the wealth gap grew in tandem.”

Analyst Jacob Canfield says the ‘borrow list’ of the fed consists of almost entirely of banks and institutions like JP Morgan and Blackstone. This “cheap money,” he said is not available to retail rather they are charged fees to hold cash, via negative interest rates.

Time for smart money, Crypto!

If not invested, cash still loses its value every year. As eToro, a social trading and multi-asset brokerage company points out, it’s time for new money and to invest in cryptocurrencies.

With 9,000,000% gains, Bitcoin is the best performing asset of the last decade.

Also Read: 2019 Was Bitcoin’s “Worst” Positive Year on Record

“If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme,” states Bitcoin enthusiast Rhythm Trader on the continuously falling purchasing power of US Dollar.

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Author: AnTy

Craig Wright’s $3 Billion Bitcoin Dump isn’t Coming Anytime Soon

  • No $3 billion dump incoming because Faketoshi doesn’t have the private keys
  • Craig Wright says he never said the private keys would arrive next month
  • Self-proclaimed Satoshi says BTC is dead, it won’t go to a million or hundred dollar

The countdown for Craig Wright’s 1 million Bitcoin fortune has stopped ticking because Faketoshi needs more time.

That’s right, Craig Wright who claims to be Satoshi Nakamoto, who invented the world’s leading cryptocurrency Bitcoin won’t be able to surrender $3 billion of his BTC holdings that he has been ordered by a judge.

US Magistrate Judge Bruce Reinhart in West Palm Beach, Florida, said earlier this year that Wright submitted false documents and even lied in the legal dispute.

The Judge ruled that the Wright’s partner Dave Kleinman owned half all the BTC that Wright mined in 2013 along with the half of all the intellectual property he created.

The problem is that there is no certainty that the information to help identify the originality of the coins that have to be split in a legal dispute will in fact arrive, said Wight in a statement to Bloomberg.

In his statement to the media outlet, he further added that he hasn’t said the private keys to those Bitcoins would be available next month.

Wright doesn’t want to dump his $3 Billion Stash

In a statement, while talking about his fortune in another attempt to try to convince people with his words when the forged documents didn’t work that he is the anonymous BTC creator, Wright said,

“I do not intend to dump my family’s BTC as some people suspect or want, as this would hurt many people in the industry.”

He also said, unlike Ira Kleinman, brother of late Dave Kleinman, who could dump his $2-$3 billion BTC in the market because he needs it, Wright wouldn’t have done if he would have been left alone.

“I would have sat on my f*cking money and you wouldn’t have to worry,” said Wright adding, This is not an outcome I would have liked.”

Bitcoin is Dead, It is going to $20 let alone a Million Dollars

The self-proclaimed Satoshi recently took a jab at the price prediction of Bitcoin Core stating, “It’s not going to keep going up in value. There is no million-dollar Bitcoin. That’s Ponzi land.”

Linking the increase in BTC value to that of Tether supply, he said “Tether is not going to pump anymore. This is dead. BTC isn’t going to 20, 40, 50, a hundred.”

Meanwhile, Bitcoin is currently trading at $7,216, up 90% year-to-date basis, as per Coincodex.

Wight’s Bitcoin SV, however, is barely at $90, down 1.78% YTD while Bitcoin cash (BCH), from which it has been hard forked, is trading at $200, representing a gain of 18.20% in 2019 till date.

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Author: AnTy

EY Rolls Out Zero-Knowledge Proof Technology For Ethereum, Reducing Costs By More Than 90%

Accounting giant EY has just launched a blockchain technology meant to reduce the costs of private transactions.

The announcement was made on Thursday, when the firm made its Ethereum (ETH) blockchain zero-knowledge proof (ZKP) technology called Nightfall available to the public. All the documentation on the project can be found on GitHub. The updated code presents EY’s additions that allow private transactions of up to 20 ZKP transactions to be made at significantly reduced costs. According to the announcement, one transaction of 20-batch would be charged $0.05.

ZPKs Permit the Sharing of Information Proofs

ZPKs make it possible for the information proofs to be shared between parties, without sharing the information itself. This means they increase trust. EY has added to ZPK an enhancement that’s reducing on-chain Merkle trees’ size and some batching tools. The company says what’s the most important when it comes to this advancement is that transaction costs are lowered and that the Ethereum blockchain becomes more competitive when confronted with private blockchain-based networks.

EY’s global blockchain leader, Paul Brody, said the third-generation code represents,

“the most important EY blockchain milestone in making public blockchains scalable for [enterprises].”

The Release not Restricted for Use on the Public Chain

The brand-new release isn’t restricted for use on the public chain, as it can be deployed for the private Ethereum versions. This is what EY had to say about the matter:

“On private blockchains, it provides a second layer of security and privacy, supporting more complex privacy models across multiple organizations within industry consortia.”

The company added that it has some more other batching functions that are about to be released in the coming months, for boosting scalability. Only yesterday, EY launched the public beta version of its smart contract and token review, a tool that determines the security risks by performing tests on the efficiency and functionality of smart contracts and checking out if the coding is according to standards.

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Author: Oana Ularu

Orchid to Debut A Privacy VPN Network Based on Token Technology in December

Orchid, a Virtual Private Network provider, has announced its plan to roll out a token-powered (OXT) network and an application during the first week of December. The company majors in offering decentralized VPN and is also a platform where node providers can trade in tokens for advertisements using the Ethereum blockchain tech.

“We will be launching one of a kind App that will operate based on the use of native tokens,” said Steven Waterhouse, the CEO at Orchid. Users will use the OXT token to pay for Bandwidth offered by node providers. These tokens will be generated at the launch, and the system operates based on a staking model.

According to Waterhouse, the company will have between five to ten node providers during the launch. The node providers will include both the new crypto technology and the traditional VPN space. Waterhouse adds that the initial offer was meant to boost the early stages of the system.

Virtual Private Networks have in use by millions of people globally for internet browsing. However, the VPN space is faced with the challenges of a centralized authority.

The company has managed to raise about $48 million through a number of investments since 2017. The major investors with Orchid include Sequoia, Andreessen Horowitz, Polychain Capital, and Blockchain Capital. Brad Stephens, Blockchain Capital’s managing partner said,

“To secure communication and privacy from state surveillance, VPN spaces should be decentralized. Orchid has illustrated the importance of VPN decentralization. We have worked with the company as an investor and advisor since 2017.”

The only problem facing the company has been to secure token-powered platforms by wholesale adoption. One of the investors, without any stake in Orchid, though, told CoinDesk that priority-payment tokens such as OXT and utility tokens are not a strong incentive to attract investors and without the investors, it is hard to have a significant value.

Waterhouse, however, defends the company’s token project saying that it has been developed with the investors’ best interests in mind. “We have been focusing on building the platform in the Web3 world,” says Waterhouse. The major objective is to develop a user experience based on privacy and one that is easy to understand and appealing to its users.

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Author: Denis Miriti

Private Corporations Should Develop a USD-Cryptocurrency, Not the Govt: Coinbase Legal Officer

The chief legal officer for Coinbase is urging the private sector players to join forces and come up with a tokenized version of the US dollar.

According to Brian Brooks, the time has come for the development of a digital US dollar but the major issue should be the one to lead the initiative, the private sector or the government.

Brooks in an article published in Fortune, opined that private firms should come together to develop a virtual US dollar. He explained that the government should only come in with favorable regulations rather than be the one to lead the initiative. Brooks explained that the best way to go about it is to allow the private actors within the crypto and financial industry to develop the digital currency while government agencies offer regulation guidelines.

Brooks suggests an unofficial public-private agreement where the private sector will allow the government to control the fiscal aspects while the government allows the private sector to control the technological aspects of the digital currency.

Brooks’ suggestions are different from the Libra project. The Facebook’s led stablecoin project has elicited concerns from policy makers around the world with various Congress and Senate members saying that the stablecoin will hard to control or regulate. The idea of pegging the Libra crypto with various worldwide currencies will inevitably dispose the US dollar as the global reserve currency. Several central banks heads like Lael Brainard of US have stated that Libra has the capacity to destabilize the global financial market.

Brooks explained that just like stablecoins pegged on the US dollar do not compete with the dollar, so will a digital dollar. He stated that the Federal Reserve will still maintain the control of the digital dollar.

Brooks explained that more stablecoins will continue to be minted if the government does not come up a guideline to guide the private sector to develop a digital dollar. For now, Brooks calls on the government to ensure that the stablecoins have the requisite dollar reserves they claim to have.

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Author: Joseph Kibe

Ethereum-Based Private Jet Leasing Marketplace Jet Token is Raising $10 Million

Us based start-up, Jet token is currently raising $10 million for its Ethereum based private jets marketplace for hire. Anyone is free to hire the jets using ERC20 tokens. Jet token says this method of payment is very convenient and fast. A single flight from NYC (New York City) to Miami can cost $15,000.

The general aviation manufacturers association has said that currently, there are 14,217 private business jets in the US, leading in the private charter flights industry. However, currently, only 2,876 charter flights are remaining.

Focusing on the SEC

This company was founded in July 2018, and it was to compete with the TurnKey jet Inc. Turnkey Jet was the first crypto company to have a no-action letter from the SEC. Jet token, too, has decided to ride along with SEC decision on TurnKey. This decision was done to avoid their future tokens to be deemed securities.

This is what the jet token filling with the SEC read,

“We intend to operate in full compliance with the SEC’s guidance in the TurnKey Jet, Inc. No Action Letter dated April 3, 2019, and any future refinements to that guidance in the future, so that U.S. federal securities laws will not apply to the offer, sale and any resale of Jet Tokens,”.

The jets and the App

The jet Token company has outlined that it has already launched the IOS app and is planning to ship in this initial version of the app with built-in crypto payments by the end of this year.

The jet Token company will just serve as a broker for booking flights. However, they will also reserve their fleet of jets to compensate for a late or a canceled flight.

Also, the company filing reads,

“negotiated terms with Honda Aircraft Company for 4 Honda Jets and with Gama Aviation for the maintenance, management, and operation of our leased aircraft.”.

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Author: Matthew North

Swiss Private Bank Affirms It Has 400 Clients Are Inquiring About Crypto Offerings

Maerki Baumann, a Swiss private bank, has recently affirmed that 400 new clients are currently interested in crypto and blockchain offerings. According to the bank, which is based in Zurich and has around $8.2 billion USD under its management, the blockchain is the way to “rejuvenate” the business.

The CEO of the company, Stephen Zwahlen, affirmed that the bank is used to looking for clients, so they were surprised when around 400 clients knocked on their doors wanting to invest in crypto.

Most of them were between 30 and 40 years and struggled to access the financial world. Now, they wanted a shot at it and believed that Bitcoin could be their investment.

According to Zwahlen, the bank is now looking to become the go-to private bank when it comes to crypto investments. Most banks do not support the technology but he believes that the nascent industry can bring a lot of benefits for the institution and its clients.

Now that the company has been properly approved to offer crypto services, it is looking to establish the right partnerships that could help it to offer the best products for its clients.

The CEO affirms that the third part of the plan will be to advise the clients and manage their resources in the blockchain market. According to him, big demand is expected, as crypto assets will be significantly more important in the future and are maybe even surpassing the more traditional ones.

However, the company will not be dealing directly with Bitcoin. Instead, it will outsource crypto trading, clearing, and settlement and only manage it via third-parties.

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Author: Gabriel Machado