cyber•Fund Private Equity 2013 Portfolio

The last week was much more better than the previous one and our Portfolio showed growth: +1 BTC and +$280 in USD terms.

Portfolio Week Performance:

Portfolio vs Bitcoin, Performance in 2015, USD

Performance in 2015, BTC

More details about the portfolio performance you can find in the

Google Spreadsheet

This asset showed an amazing growth during the week (~64%).

The key reason for that is a news coming from BitShares’ community such as:

DPOShub — platform for BitShares delegates

A Low Cost BitShares ATM

SWIFT/SEPA integration with BitShares

Others (look at Nullstreet Journal v0.4)

The second reason is that a price of Bitshares has reached its local bottom, so has a potential to grow. The trading volumes have increased that has contributed to a price growth.

Moreover, BitShares works hard to clarify its benefits to people (take a look at Infographics BitShares 101 realized this week).

Community continues to strengthen its protocol by developing new apps and services. In Counterparty Update, May 29 there is an announcement about a launch of Counterwallet iOS App. This means that more users would be able to try out this service.

The good news came also from CoinDaddy last week. Guys launched Reputation Service for Counterparty and Dogeparty assets based on a users’ feedback.

The project is very close to a launch, and one of the most interesting questions is the price of ETH after a launch.

To remind you, the Ethereum crowdfunding results were the following:

Price 1 ETH = $0.29 (0.0005 BTC)

Tokens sold — 60,102,216

Raised — $18,5 mln (31.5k BTC)

At the moment the price on Ethercoin (a second market asset) is around $1 (0.0043 BTC). According to our estimates, Ethereum market capitalization could be around $60mln (260k BTC). It would be the 4th place by market capitalization.

Judging by the discussions at Reddit Thread and Ethereum Forum Thread early investors have high expectations and won’t sell big quantity of ETHs quickly after network’s launch. The expected price is from $2 to $30 per 1 ETH. It makes to assume that the price peak will be reached after the launch phase of Serenity. Also worth remembering is that the price in USD has grown only by 3 times since a moment of crowdsale due to falling value of Bitcoins.

Inside cyber • Fund we decided to sell some ETHs at the price of $2 per ETH.