Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hamzaal24 on April 19, 2020, 04:45:28 PM
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Multicoin Capital, a fund which raised at least $75M (https://www.crunchbase.com/fund/multicoin-capital-raised-multicoin-capital-crypto-fund--37fc434e#section-overview), made its name in the 2017 bull run, a time when deciding what crypto to buy based on coin flipping would have been profitable.
That time is gone.
Here's how the Multicoin is performing these days. Worth noting that Multicoin's SOL position is locked, and current ROI is based on 1.6% circulating supply.
Their large short on Zcash, which they boasted on Forbes (https://www.forbes.com/sites/jeffkauflin/2020/02/05/secrets-of-a-successful-crypto-trader-question-absolutely-everything/), isn't going too well, nor did their long on EOS.
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Multicoin Capital is an Austin-based crypto hedge fund backed by Marc Andreessen and Chris Dixon, Union Square Ventures and other VCs, that have long-traded investments in EOS (EOS) and Ethereum (ETH). but has a negative outlook on Litecoin (LTC) and Ripple (XRP).