- David S. Smith Will Be Managing Director For Short Term Ultra Bullish Fund with Advanced High Risk-High Potential Return Trading Strategy
- Fund Billed as "The Intelligent Approach to Capitalizing on the Bitcoin/Crypto Boom" Accepting Initial Investors with $5,000 to $100,000 to Invest in the Rapidly Evolving Crypto Space
LANSING, MI / ACCESSWIRE / December 8, 2017 / David Silva Smith, a widely recognized and often quoted expert in the fast-growing crypto currency industry, has announced his management company is launching the Bitcoin Strategic Trading Fund, LLC, a new private Fund that he will personally manage. Mr. Smith is a former software developer with a degree from Michigan State University, an early mover into the Bitcoin and alternative currency revolution and self-made multimillionaire.
The Fund, which has just completed its formation and is seeking accredited high net worth investors, (Minimum $5,000-Maximun $100,000 investment) will be managed based on the strong opinion by Mr. Smith and his associates that Bitcoin is an exceptional short-term value creation opportunity. The private placement consists of 400 LLC Membership shares of $5,000 for $2,000,000. All investors will be able to follow the progress of the Fund including net asset value on the company website.
Bitcoin has appreciated over 900% this year, become an international business phenomenon, and launched an entirely new "Crypto" industry that has recently become the fastest growing topic of conversation worldwide. Hundreds of new crypto currencies launched within the past two years patterned after the original Bitcoin. The fast-growing 8-year-old industry is valued at 300 billion dollars and is quickly becoming a recognized asset class.
"There are many interesting plays in the crypto revolution. We are in the early stages of transitioning into a new world of alternative currencies and the Bitcoin is the recognized indisputable worldwide leader. Every day it moves closer to becoming a worldwide currency and when that is achieved the Bitcoin price will likely explode. There will only ever be 21 million Bitcoins in the world and that number will never increase."
"We don't guarantee anything when it comes to the Bitcoin or any alternative currency platforms or programs," stated Mr. Smith "But we do believe very strongly that there are a number of factors coming together that favor a very bullish case for Bitcoin's price, particularly over the next 90 days," continued Mr. Smith. "We believe a price of $30,000 or even $80,000 per Bitcoin after the New Year is a reasonable expectation. We also see some pretty dramatic price corrections in the spring of 2018 and are moderately bullish to agnostic in our outlook longer term," continued Mr. Smith.
"The Fund is formed to capitalize on these near-term expectations of massive publicity about the Bitcoin, with extreme volatility and short-term price moves. And while anything can happen, we expect to realize significant increases in the Fund's net asset value by March 2018. We are certain the Bitcoin bears will attempt to drive the market lower and if and when they get squeezed the Bitcoin market could trade to any level."
While there are, understandably, a large number of Bitcoin bears, many experts believe interest in and understanding of Bitcoin will increase dramatically with the upcoming trading of Bitcoin futures on the Chicago Mercantile Exchange (CME), NASDAQ, and Chicago Board Option Exchange, (CBOE) as well as many other respected exchanges around the world. The trading volume, volatility and possible price increases could be dramatic. 10,000 to 100,000 new investors are buying bitcoin daily and with increased options and liquidity we expect this number to increase.
Qualified investors interested in knowing more about the Bitcoin Strategic Trading Fund, LLC Investment opportunity are encouraged to go to www.bitcoinbulls.net or phone 313 263 3661.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.
About David Silva Smith
The Fund Managing Partner is David S. Smith, a widely recognized often interviewed expert and long-time successful Bitcoin investor and trader. Mr. Smith is a Michigan State University graduate, software developer, and early mover into crypto currency.
He is a highly successful private investor for 17 years with experience investing in public stocks, private debt, treasury bonds, mutual funds, index funds, real estate, private equity, options, arbitrage, and crypto currencies. His current investments exceed $4 million dollars all built from personal earnings and successful investments.
David has been interviewed and widely quoted in Consumers Digest, WKAR Current State, CBS MoneyWatch, NBC Chicago, Detroit Free Press, Michigan Business Network, USA Today, and Lansing State Journal regarding bitcoin. David has delivered over 16 speaking engagements on Bitcoin, was the lead for the 2014 Global Venture Forum Digital Currency Selection Committee, and educated congressional policymakers as part of the 2014 Congressional Bitcoin Education Day.
Mr. Smith has written extensively on Bitcoin for the past 4 years with 55 published articles, 44 blog posts, and authored an E-Book "How I Will Retire in Two Years By Investing in Bitcoin"
Contact Information:
Bitcoin Strategic Trading Fund. LLC
3250 W Clark Road
Lansing MI 48906
(313) 263-3661
www.bitcoinbulls.net
SOURCE: Bitcoin Strategic Trading Fund, LLC
