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Blackfox Digital Assets
 


BlackFox Digital Assets LLC is a digital-asset class alternative investments firm, specializing in hedge fund solutions and opportunistic investment vehicles in the Cryptocurrency market. BlackFox actively manages and monitors each client portfolio to ensure healthy growth of your invested capital. Active management is accomplished by technical and fundamental analysis in order to ensure clients retain the best possible position in the short and long term. BlackFox constructs a wide variety of solutions form-fitted to client objectives, from risk management to cashflow optimization like stable coin portfolios to grow your money with minimum risk.

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Now Hiring! To Apply select the drop down arrow tab in the About menu and select contact for more information on the positions! (For mobile users)

Why invest with BlackFox Digital Assets?

  • Positive Exposure to an Emerging Market

  • With BlackFox Digital Assets you can get your hand into the emrging cryptocurrency market 

  • Peace of Mind

  • Clients can enjoy a hassle-free experience where BlackFox Digital Assets will manage your portfolio and make the hard descisons for you.

  • Clients of BlackFox Digital will have full transparency

  • ​Affordable Management

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At BlackFox Digital Assets we do not charge a on-boarding fee. The only fee charged to the client would be an maximum of 20% of profits annually or a quarterly fee of 5% of profits.

 

This means we only make money when YOU do!

History Of Bitcoin since it's inception in 2009:

 

 in its relative infancy compared to the 200+ year history of the U.S. stock market. 

Here’s a quick rundown of Bitcoin’s past, which is full of the same ups, downs, and big swings that we saw throughout 2021:

2009: Bitcoin’s Origin

The invention of the Bitcoin currency (BTC) was simultaneous to the invention of Bitcoin as a blockchain, and it was the first of its kind in history.

“The unit of value (BTC) wouldn’t have been possible without blockchain technology, but there was never a Bitcoin blockchain without the currency either,” says Robert Konsdorf, CEO of Facings, a Michigan-based company that creates user-friendly blockchain publishing tools. 

Bitcoin’s first price was $0. The founder, known pseudonymously as Satoshi Nakaomoto, famously released the Bitcoin white paper to explain how the new technology would work. 

2010: The First ‘Jump’

Bitcoin’s first “big” jump happened in summer 2010. The price rose from a fraction of a cent in the spring to $0.09 by July. Very few people, except for very niche tech experts and finance enthusiasts, knew enough about Bitcoin to buy the currency. By October, 2010 the price was about $0.10. 

2011: Bitcoin Breaks $1

Bitcoin broke $1 in April 2011, entering its first mini “bull run.” It rose by roughly 3,000% over the next three months and peaked between $29 and $32 (depending on the source) by June 2011. By November 2011, the price bottomed out again at $2. 

The following year was uneventful. Bitcoin didn’t bounce back in 2012, finishing the year between $13 and $14.

2013: Bitcoin Breaks $100, Then $1,000 — Then Falls

Bitcoin began 2013 around $13.28. It rose to the $30 range in the first quarter of the year, then quickly accelerated in the last week of March. By April 1, Bitcoin broke $100. Online forums on Reddit became a hub for curious money enthusiasts and tech professionals wondering why this new asset class — unlinked from any physical commodity — could actually have value.

By November 2013, Bitcoin broke $1,000 — then the price dropped dramatically by December to around $530.

2014 to 2016: Bitcoin Stalls

Despite the volatility, these early rumblings were enough to persuade Nelson Merchan, CEO of the blockchain events firm Light Node Media, to look into crypto. A college student at the time, Merchan first bought Bitcoin when the price was around $600.

“I was a sophomore in college when I stumbled upon a Reddit post in early 2014 talking about this digital currency that had hit $1,000,” Merchan tells NextAdvisor. “I thought, ‘if people are willing to pay $1,000 for the digital currency, there’s clearly something more to this.’”

Merchan proceeded to do more research on Bitcoin, and in particular its unique supply framework: “I found out that there was only going to be 21 million BTC ever in existence. So I was like, ‘OK, if it’s already at $1,000 and there’s only 21 million ever going to be created in the world, that’s going to be huge. We’ve never really seen a currency of any sort have a restricted supply amount,” he says.

However, the next two years required lots of patience, says Merchan. The price of BTC stagnated and wouldn’t hit $1,000 again until 2017. Not sure of what the future would bring, Merchan avoided telling his friends about his mysterious investment.

“People weren’t really that interested in this cryptocurrency thing. And the thing is, when you know crypto, you don’t really want to get people into it. I’ve seen really horrible experiences of people telling others to get in and then losing all their money.” 

2017: Bitcoin Breaks $1,000 and Kicks Off a Bull Run

After years of price fluctuations ranging between $100 and $900, Bitcoin finally broke $1,000 again in January 2017. This kicked off a euphoric bull run phase. Prices doubled to $2,000 in mid-May and then skyrocketed to over $19,000 by December.

Merchan says he saw his initial investments (he estimates they were under $15,000) grow to millions, seemingly overnight. The unexpected spike in net worth was an adjustment for Merchan, but he maintained a degree of cautious skepticism on this newfound source of wealth.

“I’m a big believer that if it’s not in cash, you don’t really have that money because in crypto, anything can drop pretty dramatically overnight,” Merchan says. “If you have a million dollars in the bank (in crypto) you’ve got to be very careful because if your monthly expenses continue to grow and the market drops 50%, now you really have to tighten your belt.”

It turns out, Merchan’s long-term mindset would be necessary for Bitcoin’s next phase.

2017 to 2019: More Ups and Downs

Thanks to media coverage and the steep rise in Bitcoin’s price, the crypto industry started to take off. Thousands of altcoins were minted, while international diplomats, governments, mathematicians, economists, tech professionals, and financial experts increasingly discussed cryptocurrency regulation and mainstream adoption.

Bitcoin’s price moved sideways during this time, with a few small spikes. The highest peak was in January 2018, around $17,527. The lowest dip was around $3,236 in December 2018. 

“I went from having millions of dollars in crypto, to having a couple of hundred thousand,” Merchan recalls.

At the end of 2019, Bitcoin’s price was about $7,200. 

2020: The Coronavirus Pandemic

When the coronavirus pandemic shut down the economy and stirred up fears of inflationary pressure on the U.S. dollar, Bitcoin’s price started to accelerate in its upward climb. By December 2020, Bitcoin’s price had increased by over 300% since January. The year ended at a price of about $29,374 — the highest it had ever been.

2021 to Present 

Bitcoin doubled its value in 2021, but in January 2022 saw a big drop that erased almost all of the previous year’s gains. We saw Bitcoin skyrocket to an all-time high over $64,000 in the first half of 2021, then just as quickly fall back below $30,000 over the summer. Bitcoin hit another all-time high over $68,000 in November, but by January 2022 had dropped back below $35,000. Some experts still say the price of Bitcoin will surpass $100,000 — describing it as a matter of when it happens, rather than if.  

History Of The Dollar Since 2009:

Exchange Rates

The dollar exchange rate compares its value to the currencies of other countries. It allows you to determine how much of a particular currency you can exchange for a dollar. The most popular exchange rate measurement is the U.S. Dollar Index.

These rates change every day because currencies are traded on the foreign exchange ("forex") market. A currency's forex value depends on several factors, including:

  • Central bank interest rates

  • The country's debt levels

  • The strength of the economy

When these factors are strong, so is the value of the currency. Most countries have a flexible exchange rate and allow forex trading to determine the value of their currencies.

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The U.S. dollar rate shows the value of the dollar in comparison to other currencies, including the Indian rupee, Japanese yen, Canadian dollar, and British pound. Below, you can track the dollar's value as measured by the euro since 2010.

This chronology explains some of the dollar's changes in value over the years:

  • 2010: The Greek debt crisis hurt the euro and strengthened the dollar.2 By year’s end, the euro was only worth $1.32.

  • 2011: The dollar's value against the euro fell by 10%. It later regained ground. As of Dec. 30, 2011, the euro was again worth $1.32.

  • 2012: By the end of 2012, the euro still hovered around $1.32.

  • 2013: The dollar lost value against the euro, as it appeared at first that the European Union was, at last, solving the eurozone crisis. By December, it was worth $1.37.

  • 2014: The euro-to-dollar exchange rate fell to $1.23 thanks to investors fleeing the euro. 

  • 2015: The euro-to-dollar exchange rate fell to a low of $1.12 in March. It later fell to $1.05 after the Paris attacks in November, before ending the year at $1.08.

  • 2016: The euro rose to $1.13 on Feb. 11 as the Dow fell into a stock market correction. It fell further to $1.11 on June 25, just two days after the United Kingdom voted to leave the European Union. Traders thought uncertainty surrounding the vote would weaken the European economy.3 Later on, the markets calmed down after realizing that Brexit would take years. It allowed the euro to rise to $1.12 in August. Not long after, the euro fell to its 2016 low of $1.04 on Dec. 20, 2016. 

  • 2017: By May, the euro had risen to $1.10. Investors left the dollar for the euro amid allegations of connections between President Trump's administration and Russia, along with concerns about the new administration's ability to fulfill its agenda.4 By the end of the year, the euro had risen to $1.18.

  • 2018: The euro continued its ascent. On Feb. 15, it was $1.25. In April, the euro began weakening after President Trump initiated a trade war. By end of the year, the euro was $1.14.

  • 2019: The euro declined until September when it reached $1.10. It rose briefly in December to $1.11.

  • 2020: The euro strengthened against the dollar throughout the first year of the COVID-19 pandemic, reaching $1.22 by December.5

  • 2021-22: As the U.S. economy bounced back from the pandemic and interest rates began to rise, the dollar strengthened against the euro, falling below $1.12 by January 2022.

Our vision for the future is on pace thanks to the growth over the recent years of cryptocurrency as its potential to change how the world works starts by a transitioning to blockchain technology that improves everyday aspects of our life .

 

We anticipate the future by providing clients exposure to various portfolio styles to ensure diversification with assets that are undervalued and market leaders in an evolving market that consists of investment categories like Blockchain Technology,banking,security,enviornment conservation,and more.

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The world is rapidly changing, and blockchain will play a critical role in this global transformation. For those interested in exploiting this trend, invest in a basket of digital assets and get diversified exposure to the major categories of blockchain technology.

 

Investing in index products has historically provided investors opportunities to capture the upside of new asset classes  Investing in this new asset class is no different.

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For more information regarding BlackFox Digital Assets and our services contact us directly through our contact tab!

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