News list for " Head of Investments"
On November 3rd, Akshat Vaidya, head of investment at Maelstrom Capital, said that the $100,000 invested in an early-stage cryptocurrency fund (screenshot shows that it is a Pantera fund) was only $56,000 after four years, a loss of nearly 50%. During the same period, the price of bitcoin doubled, and some seed projects achieved returns of 20 to 75 times, but the fund's high management fees and shares caused LP (limited partner) funds to shrink significantly.
According to Cointelegraph, Matthew Hougan, head of investment at Bitwise, has called on banks to raise deposit rates in response to stablecoin competition, criticizing banks for treating depositors as a source of free capital for a long time. Stablecoins currently offer yields of up to 5%, well above the average 0.6% deposit rate in the United States.
