Liberty City Ventures Raises a Whopping $15 Million in Bitcoins Startups
In times when Bitcoin critics are predicting its end, the digital currency is continuously showing them exit gates. This time it is New York based Liberty City Ventures which announced its digital currency fund, mentioning a whopping $15 Million investment into Bitcoin and other digital currency startups.
A new yet renowned investment group, Liberty City Ventures is a vertical of Cedar Hill Capital Partners, another renowned investment management firm. The firm has been recently in the news for its Digital Currency Fund which focuses particularly on Bitcoins. It invests in and supports companies that use or are beginning to use Bitcoins.
But that is not the only reason Liberty City Ventures decides to invest such huge sum on Bitcoins startup, indicates the firm’s founding partner Charles Cascaralla. “We and our fellow Cedar Hill partners began taking notice of the digital currency back in 2010. But it wasn’t until Bitcoin survived the boom and bust of its first bubble about 18 months ago that they knew it was here to stay”, says Charles.
The downfall, which sat Bitcoin crashing to the mere $80 mark from the massive heights of $250, was exemplified as what most people commonly termed to be “THE END OF BITCOIN”. But despite the speculation, the digital currency has managed to sustain successfully at $120, tackling every sort of criticism that came its way.
But with the recent announcement, its time Bitcoin is surely emerging above the grounds, pushing behind the speculation of its downfall. The continuously growing Bitcoin market is sure to stay, until some more speculations starts talking.
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