BITCOIN, BUSINESS, DEVELOPMENT, ECONOMY, NATION
In mid-February of this year, US bitcoin entrepreneurs and journalists, Max Keiser and Stacy Herbert, announced the launch of «El Zonte Capital», an investment fund with which they seek to help El Salvador achieve «hyperbitcoinization», a term used to represent the intention to turn the first cryptocurrency into the only economic value system.
In an interview with «Diario El Salvador», the crypto investors explained that at the moment their focus is on finding bitcoin-based startups, which they intend to finance this year with a fund of $10 million. As they explained, the objective is to place capital in ambitious ventures so that one or several become unicorn companies, that is, those that reach a valuation of $1,000 million without having a presence on the Stock Exchange.
«We have already invested in almost 20 companies in the world, and at least seven of these have become unicorns, including Kraken, – one of the largest US cryptocurrency exchanges. We have experience in it and we have met incredible entrepreneurs here in El Salvador, «said Keiser.
For his part, Herbert explained that the initiative has the support of firms such as Bitfinex, which provide educational support and bitcoin training. In addition, he stated that the application sectors they explore are diverse, but they are very interested in bets related to technology education.