A Look Back In Time
“Not all cryptocurrencies are created equal, which is evident when you look at the cryptocurrencies which dominated the leader board in 2013” says Clive Jimmieson of Crossgate Capital – New Zealand’s first regulated share offer in a company investing in Bitcoin and other cryptocurrencies.
While the Top 10 cryptocurrencies in 2013 were receiving a lot of attention, the majority of them no longer feature in the headlines.
Jimmieson added, “Since the launch of cryptocurrencies, Bitcoin has dominated. Over the years, its influence has led to the emergence of numerous other cryptocurrencies. The cryptocurrencies that can stand the test of time have the potential to contribute to the growth in this asset class”.
While knowledge about cryptocurrencies is building and the use case is increasing, actually investing in cryptocurrencies can still be daunting for many investors. Challenges include trying to identify which cryptocurrencies to buy, storage, tax, reporting and keeping track of this fast-moving market.
Jimmieson commented that “Crossgate Capital is a traditional investment vehicle, with shares titled in the investor’s name. This provides an easy way to invest in Bitcoin and other cryptocurrencies, without having to be tech savvy. We manage all the challenges of investing on your behalf.”