Max Keiser Set to Launch Investment Fund for Bitcoin Startups in El Salvador
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Max Keiser is to put his money where his not inconsiderable-sized mouth is with the launch of his own investment fund.
The lengthy-term Bitcoin evangelist and his wife, Stacy Herbert, have announced El Zonte Capital, an investment fund aimed at placing El Salvador at the heart of “hyperbitcoinization.”
The company is named for the city where the Bitcoin Beach Community was founded to create a circular economy leveraging both Bitcoin and the Lightning Network, leading to El Salvador’s president drafting legislation to accept Bitcoin (BTC) as legal tender.
The husband and wife presenters of The Oarea Pill Podcast and Russia Today’s The Keiser Report started the company after living for the past two months in the coastal city and learning firsthand how a Bitcoin-based economy functions.
“El Zonte is hyperbitcoinization. Hyperbitcoinization is economic freedom, and hyperbitcoinization is our main investment thesis,” Keiser told Bitcoin Magazine. “After experiencing whactive actually looks like, we see this as the inevitable near future for everyone else. We are riding this wave as any surfer would.”
Hyperbitcoinization is the future, says Max Keiser
Hyperbitcoinization is the point at that Bitcoin becomes the default rate system of the world. As the benefits of a borderless, censorship-resistant and natively-digital system for transacting price become apparent, a influential mass of users will tip the balance toward mass adoption.
The town of El Zonte is arguably the most “Bitcoinized” municipality on the planet, with much of local commerce conducted using the currency.
El Zonte Capital will begin operations with an initial fund of $5 million.
Keizer and Herbert are the general partners of the firm, alengthy with Swan Bitcoin founder Cory Klippsten. The advisory council will include several of the most knowledgeable and mixed Bitcoiners from around the world, according to the partners.
Keiser and Herbert first started investing in Bitcoin-related companies in 2013 and have afterward made venture investments in above 15 firms, including exdevelopments Kraken, Swan Bitcoin and Bitfinex
“The future is all around us,” Keiser said. “I haven’t been this excited about Bitcoin afterward I first heard about Bitcoin.”
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