If you've been following me - here's my photo so you can remember what I look like, especially if we see each other out in the wild somewhere - or visited my website, Metacoin, you know that I create a number of ideas that you can possibly use in your own trading, investing, or bitcoin-ing.
One such idea: The Bitcoin Hedge Fund.
Wait...WHAT?
It's pretty simple, actually. We created a diversified portfolio of assets on May 1, and "invested" a hypothetical $10,000 in the basket of coins.
BEFORE WE SHOW YOU WHAT IT LOOKED LIKE THEN
Remember to do your own research. Past performance does not necessarily indicate future results. Seek legal, financial, and investment advice from professionals. Don't invest more than you can afford to lose.
Now that that's out of the way, here's the chart.
Simple, right?
If you're less of a chart person and more of a friendly meme infographic person, here's another visual you can use.
How's It Doing Today?
Well...
As you can see, it has grown by almost a factor of 4. Pretty impressive, eh?
We only made one change to the portfolio...
When we stared it, similar to our "BRED" Portfolio, we were going to just leave it alone. But then we noticed that WeTrust wasn't doing so well so, crypto being crypto, we swapped out what that was worth today with an equal amount of Tierion - which, disclosure, we did actually invest in - and that's what is reflected in the portfolio.