BitZumi: James Altucher’s Cryptocurrency Trading Exchange?
Bitzumi is a crypto media company founded by James Altucher. Find out everything you need to know about the company today in our review.
What Is Bitzumi?
Bitzumi, found online at BitzumiCorp.com, is a publishing and media company focused on cryptocurrencies. The company will develop media assets targeted at cryptocurrency users.
Bitzumi was co-founded by James Altucher, the American hedge fund manager and author who called bitcoin “a fad, or a scam, or a Ponzi scheme, or worse” in 2013, before becoming the face of the bitcoin bubble today. Today, Altucher can be seen distributing newsletters like, “Bitcoin Expert Reveals 3-Step Secret to Retire Rich,” among other self-help manuals.
Bitzumi’s primary goal is to offer news, media services, and newsletters to the crypto community. However, the website also plans to launch its own cryptocurrency exchange and wallet. They might also schedule an ICO for the future.
Bitzumi already owns and operates a number of crypto-related websites, including Ebit News and Top 10 Best Bitcoin Wallets.
How Does Bitzumi Cryptocurrency Trading Exchange Work?
Bitzumi describes itself as “a digital platform that is driving the future of crypto publishing and performance marketing.” The company’s publishing assets are crypto agnostic: the goal is to connect users to the best crypto experiences through highly engaging content.
“We are the gatekeeper for everything crypto through our owned and operated review websites,” explains the company’s business overview.
With that in mind, Bitzumi plans to focus on four main categories of products:
Bitzumi will have a cryptocurrency exchange where customers can buy, sell, and convert various cryptocurrencies into USD fiat currency. Users can trade instantly on a dynamic, real-time trading platform – similar to other cryptocurrency exchanges available online today.
Bitzumi will launch a multi-currency wallet that will “combine physical and digital storage to provide maximum security for our users [sic] digital assets,” explains the business overview paper. The wallet will have features like multi-factor authentication, cryptographic security, cold storage, and private key segmentation.
Media & Publishing Properties:
Bitzumi will have an online and mobile high authority content publishing network targeting crypto-related traffic with a focus on news, guides, product comparisons, and reviews.
Processing & Escrow:
Bitzumi aims to be a digital currency exchange facilitating the conversion of bitcoin and other online currencies and initial coin offerings (ICOs), allowing users to securely buy, sell, and accept bitcoin and other currencies.
In terms of a publishing strategy, Bitzumi already owns and operates a number of different websites, including websites like Ebit News and Top 10 Best Bitcoin Wallets. The company’s informational websites attract potential customers, then refer them to web and mobile crypto businesses, including cryptocurrency exchanges, wallets, and trading courses.
Who’s Behind Bitzumi?
Bitzumi is led by co-founder James Altucher, an American entrepreneur and author, as well as Scot Cohen (Co-Founder and Executive Chairman). Scot Cohen has 20 years of institutional asset management experience, including experience in wealth management and capital markets. He’s also the founder of V3 Capital, a family office investing in public and private companies, and has deep experience in the oil and gas industry.
Bitzumi is headquartered in Brooklyn, New York.
On January 5, 2018, an SEC filing revealed that Altucher had invested in a seed round for Bitzumi, Inc. The firm plans to raise up to $10 million, with a minimum raise of $1 million.
Bitzumi aims to capitalize on the growing media industry surrounding cryptocurrencies and bitcoin. The company is launching a wide range of cryptocurrency services, including an exchange, a wallet, and a growing network of websites. Bitzumi plans to use its new and existing websites to promote its upcoming products. It wants to launch a newsletter, dominate search engine rankings, and push visitors towards its own properties.
Bitzumi, Inc. also plans to be a publicly traded company. The company’s stock symbol is listed as “TBD” on the official website. They’ve also already filed basic documents to the SEC.
To learn more about Bitzumi and its plans for the future, visit online today at BitzumiCorp.com.