Private Air New York Magazine
Issue link: https://privateair.uberflip.com/i/950565
www.privateairny.com Private Air New York | Spring 2018 29 INVESTMENTS By: Johnny Duncan THE NEW BOND: CRYPTOCURRENCY FOR HIGH NET WORTH INVESTORS M ost high net worth investors are willing to take some calculated risks for investments that are considered off the mainstream. With a little research and advice from financial advisors, this class of investors isn't afraid to pull the trigger and jump in with both feet. However, there is a fear, a sense of apprehension from investors when there is a suggestion of investing in Bitcoin or other cryptocurrency platforms. Some folks think of Bitcoin as digital gold in that it is scarce and universally accepted as a store of value. Bitcoin has been all the rage as of late with a current value hovering around $10,000 per. But Bitcoin is not the only game in town. Now there is BOND, a new cryptocurrency platform designed to introduce high net worth investors to digital currencies safely. What Is It? According to the online dicitionary.com, cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. So basically, cryptocurrency, like Bitcoin, a currency created in 2009 by someone using the alias Satoshi Nakamoto, is used to make transactions with no banks involved. is cryptocurrency can be used to buy furniture, book hotels, pay for airline tickets and more. e most popular use today is for making money by trading a form of cryptocurrency like Bitcoin. High net worth individuals (HNWI) that invest in traditional investments like stocks can do the same with a new platform, BOND, that enables investors (those with an income of at least $200,000), to buy shares in real estate and property assets. "BOND is a 100% asset- backed digital currency, or cryptocurrency, that is specifically designed for HNWIs and institutional investors," says BOND Founder, Robert Edwards. "BOND affords investors the opportunity to purchase shares, known as 'Bond Units,' in an asset portfolio that contains a mixture of property bonds, real estate, and cryptocurrency assets."