MCAP (MCAP) - cryptocurrency review
MCAP (MCAP) - cryptocurrency review

MCAP (MCAP)

Rank: #53

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6
Real-world utility
1
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2
Investability
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MCAP review

MCAP is an investment fund which engages in selective mining of Bitcoin and various Altcoins as well participation in ICOs. The proposition is…

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MCAP (MCAP) – cryptocurrency review


MCAP is an investment fund which engages in selective mining of Bitcoin and various Altcoins as well participation in ICOs. The proposition is simple: instead of engaging in mining activities or researching and deciding which ICOs to invest in, you buy MCAP tokens which represent your proportionate share of the proceeds of such activities undertaken by BitcoinGrowthFund.

MCAP is one of the first ‘managed portfolio’ style of offerings to appear in the cryptocurrency world. Many have criticised the fact tht the marketing hype has failed to be realised in real world returns. For example, in their pitch video BitcoinGrowthFund predict the value of a single MCAP token to reach $100 by 2018. With only 2 months to run at the time of writing and a price of just $1, this seems unlikely.

Having said that, the concept has a place and will appeal to cryptocurrency investors who are used to relying on managed funds to diversify their portfolio. Interestingly though, MCAP seem not to have followed standard practice in this type of market by specifying where funds are invested at any given time. And with more ‘standard’ managed fund offerings coming along like Crypto20, it seems that MCAP may need to up it’s game if it is to survive.

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