We started just shy of 2 years ago. It was a slow process to start. We had some tough times getting going. However, persistence has paid off.
Looking at the most recent earnings report, we see the value of the account is now more than $250K. Of course, this can vary based upon a number of factors.
All SPI holdings are converted back to Hive. To figure what the amount is in USD, we then need to go one step further. Of course, the price of Hive is fluctuating a great deal of late. When the price of Hive is closer to a dollar, the value of the fund is much greater.
Either way, we can see the account has over 375K Hive as of the report date. Over time, we could see this value explode, in USD terms, if the price of Hive takes off.
This is an important point to consider. If we see the price of Hive push towards the $5 mark, this will push the value of the fund to just shy of $2 million.
Why is this is important other than for the value of the holdings?
The answer in this lies in the ability to forge other ventures. As mentioned in past articles, SPInvest could end up being, at least in part, a venture capital fund. We can invest in new projects, hoping to capture some highly successful runs. Getting in early, i.e. having a good stake, will give us even greater potential returns as compared to just investing at market rates.
It is important to remember that a lot of what SPInvest does, as compared to @-lbi-token, is to seek out off-chain opportunities. Here is where the increased value of Hive assists in the value of the fund. Essentially, the more there is to invest, the greater chance of the returns.
Of course, we are not simply dependent upon the value of Hive. For example, SPInvest holds more than a full Bitcoin. At $60K, this is a nice asset to have, considering we purchased at a much lower prices. If, however, the estimates are correct, we could see the price of BTC explode this years. An analyst from Bloomberg put a projection of $400K by the end of the year.
That would seriously add to the value of SPInvest if it does take place.
There is also the expansion of DeFi. Ultimately, the more assets the fund holds, the more options we will see. There could be a day when we do not sell tokens that have huge runs but, rather, stake them in liquidity pools to bring protect the downside of the value of the token.
Naturally, the other big advantage to this concept is the APY that the DeFi fund can offer.
We are seeing people taking advantage of this through CubFinance. People are adding more to their holdings as more tokens are distributed.
In short, we have a lot of options before us. The key is for the holdings to keep increasing in value as well as pulling more Hive in each week. Over time, in keeping with the Get Rich Slowly, we look to keep things growing on a consistent basis. Active and passive approaches will help to make for greater returns than one can get on his or her own.
What is now a quarter of million dollar fund could well be worth a few million dollars over the next year or two.
Posted Using LeoFinance Beta