After the market on stock exchanges with a focus on private investors is relatively covered by companies such as Coinbase, Binance and Kraken, business people are looking for new target groups. River Financial is therefore focusing on wealthy investors to make it easier for them to access and store bitcoins. An investment round has now raised more than $ 5 million USD.
Safe purchase, sale and storage of Bitcoins (BTC)
The market for wealthy and institutional investors looking to buy bitcoins and other cryptocurrencies is growing. Companies don't want to miss out on this business and are offering more and more opportunities to make it easier for this target group to get their first digital assets.
River Financial, a "Bitcoin bank for the wealthy" with 13 employees, also focuses on this target group. With a service called a private client, investors can report to the company's advisors should problems arise. With River Financial, investors can safely buy, sell, and keep their Bitcoin.
The companies that participated in the investment round include:
- Polychain Capital
- Slow ventures
- Castle Island Ventures
- Peffer Capital Ltd.
- and Square Crypto.
River Financial says interest in the offer is increasing. The monthly volume is expected to increase by an average of 80%, driven by investors aged 55 or older. These would be considered Bitcoin Hedging against inflation benefits that could be caused by the activities of the central banks.
Bitcoin as a hedge against inflation
The start-up based in San-Franciso sees the increase in "Bitcoin Boomer investors" and above all the monetary policy of the Federal Reserve as the cause of the increase since the beginning of 2020:
The increased activity we've seen since early 2020 has been partially inspired by the Federal Reserve's unprecedented monetary intervention.
Unlike Grayscale, which focuses on institutional investors and manages many different digital assets, River Financial does not offer any other cryptocurrencies other than Bitcoin (BTC).
The asset manager of digital assets Grayscale also reported that more and more people are opting for cryptocurrencies as a hedge against inflation. The company is now responsible for 1,7% of all bitcoins in circulation:
Markus from Kryptokumpel.de
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