No Wonder Why Investors are Rushing To Cryptocurrencies

 

A blind investment in every initial coin offering (ICO) to date, including those that have failed, would have generated an average return of 1,320% for investors, according to a new report.

Venture capital firm Mangrove Capital Partners claims that: “If one had blindly invested €10,000 in every ICO, including the significant number of ICOs that failed, this would have delivered a +13.2x return.”

Michael Jackson, the former COO of Skype and a partner at Mangrove, authored the report and looked at data on 204 ICOs with “known outcomes” — ones where tokens are now being actively traded on exchanges or have failed since issue.

Jackson’s findings highlight why many institutional investors — from hedge funds to investment banks — are now waking up to the cryptocurrency space.

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Source: Business Insider Australia

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