TradeWinds And Foster Estate Planning Join Forces to Start New Crypto Fund
2019 is almost here and several companies are aligning to have a successful year. The latest of these companies is TradeWinds Financial, which has reunited with Foster Estate Planning in a partnership to launch a crypto investment fund that will be out in 2019.
While Tradewinds is a company that is generally focused on real estate assets, the company has seen the potential of the blockchain technology this year. With the rise in the price of Bitcoin in 2017 and crypto awareness going up, it was expected that many companies would start to invest in cryptos and related projects.
According to the company, cryptos could help Tradewinds to create a more balanced investment fund than the ones that it has at the moment. Any user would be able to use Bitcoin (BTC) or Ether (ETH) to purchase one of the crypto plans that the company is ready to offer. Part of the idea is to create a fund that can be user-friendly so that the users will not be scared if they are not professional investors.
New Crypto Fund Will Have Five Plans
The idea is to offer different five plans, as Tradewinds wants to cater to many types of users and diversity can be a good way to do it. Three of these will be “premium plans”, which are actually a fancy way of saying that they are the normal ones because the really special ones will be the two VIP plans.
Each of these plans can range from one to six months. A detail that can put off more cautious investors (or hype the most optimistic ones) is that the company claims that the investor can get a return on investment of 40 to 80% for this time.
This is highly unlikely, it should be noted. Cryptos are not having the stellar run that they had in 2017. They started the year with Bitcoin just below $20,000 USD and now they are worth about $4,400 USD. Bitcoin was as low as $3,300 USD recently, so this is really not a great time for the market.
The Crypto Fund
The Investment Manager of TradeWinds Financials, Grigori Moyen, has affirmed that the company is very happy with the partnership and that they will help people to use their wealth well. By offering to retail investors something that rich people could do for a long time, both companies hope that they can provide a good service for people who want to accumulate wealth.
Crypto funds are, in fact, very popular now. They are getting famous because everybody knows the potential of cryptocurrencies and how high their price can get with time. Now, with the bear market, it is clear that this is the time to invest in cryptos.
A recent study made by Thomson Reuters shows that at least 20% of the financial companies surveyed want to create a new crypto fund soon. If the bull market appears again last year, it will be a great time for this.