Crypto Company Blockchain Has A New Product

Crypto Company Blockchain Has A New Product

Cryptocurrency wallet company Blockchain has announced the launch of a new product named Blockchain Principal Strategies (BPS).

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Cryptocurrency wallet company Blockchain has announced the launch of a new product named Blockchain Principal Strategies (BPS).

The service provides institutions, family offices, and individual investors unparalleled and tailored access to markets, research, and services. The platform will enable clients to invest in digital assets. Plus, the platform will offer a customized portfolio view as well as insights into market fundamentals, risk metrics, and access to a research team including one of the leading cryptocurrency economists, Garric Hileman.

The Head of Institutional Sales and Strategy, Breanne Madigan, has said:

“I joined Blockchain to help modernize the financial system, and launching BPS is the first step in our longer term strategy to execute on that vision.”, adding that the BPS platform itself will also offer educational and networking opportunities with the aim to create a broader, well-informed community around cryptocurrencies.

Digital Currencies – A rather risky investment?

It can be argued that digital currencies are an asset that has high volatility. The possible gains are impressive, but it shouldn`t be forgotten that the risk is bigger than in traditional investment.

The problem here comes from the fact that cryptocurrencies have no intrinsic value. In other words, they derive their worth from investors` demand, and the latter has grown significantly in the recent years. Still, the risks remain there just like in gambling. The ones who want to win should be able to afford (both financially and psychologically) to lose.

So, one question that is important for cryptocurrency investors is how to minimize the risks of a possible investment?

The professor at MIT`s Sloan School of Management and a partner in MIT`s Digital Currency Initiative, Christian Catalini, told Kiplinger that it`s vital to research the technical capabilities of each digital currency, as well as the background of their founders. And, another important point he made is that passwords and accounts should be protected and secure so that the risk of hacks can be avoided.