BitSpread Opens Professional Investor Product to Shield Buyer’s Crypto Contracts with 2 Year Deals
All of you who are interested in Bitcoin but are scared of its volatile economic nature, Cedric Jeanson is here to help.
According to Jeanson, his latest market offering can help interested investors reap all of the benefits of this amazing digital currency— even if it crashes or takes a severe financial beating.
More on the Matter
To help instill more confidence in the burgeoning crypto industry, Jeanson’s firm BitSpread Ltd. is offering clients with the world’s first “structured crypto products” — that are specially devised to protect investor capital associated with Bitcoin trades.
To be even more specific, we can see that the two-year contracts being offered by BitSpread are designed in a way such that they can “shield 85 percent of a buyer’s principal”. That’s not all, the contracts also provide investors with “33 percent of any gains in average price”.
The above mentioned digital offerings are quite unique as they could have helped many investors from losing all their hard-earned funds in the vicious bear market of 2018 (when premier alt-assets such as Bitcoin plunged and lost nearly 85% of their intrinsic value).
On the matter, Jeanson was quoted as saying:
“We are proposing to limit an investor’s downside, which is a reassurance many people need after last year. Investors are interested in this asset class because of its lack of correlation to other markets.”
Last but not least, it is also worth mentioning that Jeanson is a “derivatives veteran” who set up his blockchain research/advisory venture all the way back in 2014 when the world first started to take notice of the crypto industry.
Other Key Points Worth Noting
- BitSpread’s native product offerings are “designed primarily for professional investors”.
- The firm plans to expand on its current product suite so as to include other crypto derivatives in the near future.
- Bitcoin futures were first introduced into market around Dec- 2017. In addition to this, the past six months have also seen an increase in the demand for bilateral digital currency options.
As many of our readers probably remember, Bitcoin’s rollercoaster financial journey started in 2017— when the flagship alt-currency gained a whopping 1,400 percent within the span of a few months. However, over the course of 2018, the cryptocoin plunged to record lows— thereby alienating many potential investors in the process.
In closing out this piece, it is worth noting that via a recent press-release, BitSpread’s executive brass noted that the firm will protect its clients’ capital by “investing about 80 percent of their funds in JPMorgan Chase & Co. investment-grade bonds”.
It now remains to be seen what the future has in store for Jeanson and his company.