In mid-2016, Tushar Jain and Kyle Samani immersed themselves in learning about blockchain. They joined forces to launch Multicoin in May 2017 as the buying frenzy began. Almost immediately they raised $2.5 million from angel investors
detailing how cryptocurrencies designed solely to pay for a specific product weren’t worth investing in. “Sometimes we get responses from people that are 1,000-word essays,” Jain says, referring to the insider feedback their posts elicit. “We have a full-time team of 14, but it can feel like an investment team of 50.”
In June 2019, after Binance announced that a new exchange would comply with U.S. laws, its coin rose to $40, an eightfold gain for Multicoin.For risk lovers willing to take a gambit on crypto, here are Multicoin’s four best ideas.Jain and Samani are also pound-the-table bitcoin bulls. They closely monitor the number of accounts holding 1,000 or more bitcoins, worth about $9 million at current prices. That number has risen, and these investors are holding onto their bitcoin for longer durations.
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