Even though Bitcoin was launched in 2009, it became very popular in 2017. High speculation saw its price rise throughout the year to a high of almost $20,000, up from $1000 at the beginning of the year. Despite its speedy growth in value, this leading cryptocurrency has had its fair share of high volatility characterised by frequent price swings. However, it is the sharp dip in … [Read more...] about Why Bitcoin Continues to Rule the Cryptocurrency Market Despite its High Volatility
About David Drake
David Drake is Founder and Chairman of LDJ Capital, a multi-family office which deals in various funds worldwide with over $1.5 trillion in assets, and maintains over 50+ global directors and family office partners.
More recently, Mr. Drake is viewed as a leader in cryptocurrency. Mr. Drake saw the value of digital assets when everyone was avoiding it. It all started in 2011 when Mr. Drake collaborated on the JOBS Act to create new laws underlying all fundraising in the U.S. for all ICOs. His crypto hedge funds hold crypto, ICOs, and FinTech equity as seed investments to help new coin to be made via ICOs. His company also offers bridge financing to seed upcoming ICO’s.
Mr. Drake was born in Sweden and is fluent in six languages. He holds an MBA in Finance and an MA in International Law and Economics from George Washington University in DC where he was awarded the Wallenberg Scholarship for academic merit.