MIT Grads wants to let Anyone Invest and Start a Bitcoin Fund with a new Platform

 

The Digital Currencies industry are hitting record high's thanks to an overwhelmed increase of investors creating their own investment fund. In the front line, off-course, is the first crytocurrency company Bitcoin. Bitcoin is trading at around $2,450 a share.  A year ago it was only trading for $540. This HUGE jump has to do with MIT Grads that want to let ANYONE Invest In, or Even Start, a BitCoin Fund.

A new platform called Catalyst would enable investors to build their own investment funds.

Catalyst, which would enable ambitious cryptocurrency investors to effectively build their own investment funds, using algorithms of their own choosing to decide when to buy and sell the currencies. The company plans to open a beta version of the platform to developers, enabling them to upload codes representing their preferred trading strategies to the platform and begin developing track records of making or losing money.

Then, outside investors would be able to chose a Fund on a Social Platform that contains profiles of Bitcon professionals.

A previous project by the Enigma team sought to use a bitcoin-style blockchain and sophisticated cryptography to let consumers share confidential data with big companies, whether for surveys or for transactions like bank loans, on terms they could control. But the project was slow to gain traction with the big enterprise companies who’d need to participate to make the platform work. In Catalyst, Enigma plans to make various datasets available for use in automated trading decisions, from historic price information to analyses of the overall sentiment of news stories and social media posts about cryptocurrencies. Image result for thumbs up image   The company plans to also invite users to create their own datasets and make them available—perhaps for a fee—to those setting up funds and looking for mathematical indicators of how and when to trade.