Singapore Sheewa capital: Bitcoin Classic is the focus of our cryptocurrency market
Bitcoin has been born for more than ten years, and now it has become one of the most concerned issues for investors, consultants, financial institutions, service providers, regulators and policy makers. As more and more stakeholders come to the discussion table of emerging assets, it is bound to bring a variety of new views and perspectives to the whole industry, and also help us better understand how digital currency adapts.
Sheewa Capital of Singapore (hereinafter known as “We”) was established in 1923 as a global asset management body, which aims to help people achieve the greatest benefits and strive to enhance their social and environmental impact. We offer innovative products and solutions mainly in the five business areas: insurance companies, pension plans, sovereign wealth funds, endowments, and foundations, and invest with a wide range of asset classes and different fields.
Adhering to the vision of helping people achieve higher returns, we spend most of the time adopting an active investment strategy, which focuses on the selection of high-quality investment enterprises, investment in its early stage and expansion; at the same time, we choose the fundamentals of corporate business model, operational ability, management team, corporate strategic planning and implementation ability. Due to our investment strategies, we usually choose to layout the global emerging technology areas, and the emerging technologies like Biochips, Blockchain, 5G, AR Cloud are our focus areas.
Focus on emerging technologies, Sheewa Capital multi-dimensional layout of Blockchain field
For the emerging technology field layout, We generally adopt the multi-dimensional layout mode; Take the Blockchain field, for example, We founded the Bitcoin Investment Foundation in 2017 and purchased about $ 150 million in Bitcoin, This investment accounts for 15% of the total investment of Sheewa capital; In 2018, I invested in a blockchain technology research laboratory, Mainly on the application of blockchain technology in public things, The laboratory has reached strategic cooperation with the Singapore public sector, Using blockchain technology to improve the work efficiency of the public sector; Established the cryptocurrency Venture Capital Foundation in 2020, For investing in new currencies with potential in the cryptocurrency market, The Cryptocurrency Venture Capital Fund’s key investment area in 2020 is the Decentralized Finance, Return rate is over 1,600%.
Our chief investigator learned based on big data analysis that the highest ROI in the next 5 to 10 years may be the Blockchain field. Judging by the Gartner technology maturity curve, Blockchain is excessive from recovery to growth maturity; we can think that Blockchain will be fully accepted by the public and will change people’s lifestyle in all aspects.
Therefore, Sheewa Capital will focus on the investment opportunities in the Blockchain field within five years, and all kinds of high-quality cryptocurrencies will be our key layout object.
What are the high-quality digital assets that Sheewa Capital is currently focusing on?
Bitcoin’s hard fork currency Bitcoin Classic is the premium digital asset with our current focus, as Bitcoin Classic has all its advantages and faster trading speed and lower transaction fees; it has the opportunity to become a killer application in the payment field.
With the accelerating process of globalization, the global payment demand is getting higher and higher, and the global payment market can be said to be a new and undeveloped blue ocean. As a cryptocurrency that can meet all kinds of payments, Bitcoin Classic has a promising prospect and the number of users is bound to grow. As the total amount of Bitcoin Classic is constant 210 million, market demand increases as the supply remains, Bitcoin Classic will become increasingly scarce and higher in value.
Bitcoin Classic is our key layout object, so we have conducted in-depth research and analysis on its fundamentals. We take the historical performance, computing power, technological innovation and social acceptance as the four macro indicators to measure the fundamentals of Bitcoin Classic.
Historical performance
Judging the value of a new asset is important in its historical performance. Bitcoin Classic concept appeared in 2016 until its success on May 12,2020. a bit classic cost $ 0.00015, now $ 5, or over 30,000 times a year; this increase is very amazing, so Bitcoin Classic performed excellent and great potential for the future.
Operating force situation
Bitcoin Classic adopts the Proof of work mechanism as a consensus mechanism, so its network operation requires nodes to provide computing force maintenance. Computing power is a good indicator of the fundamentals of Bitcoin Classic, rising in less than a year since its birth to 233 PH/S,, equivalent to at least 10,000 mines involved in Bitcoin Classic mining. According to the average price of the mining machine of 10,000 yuan, there are at least 100 million yuan behind this, and the computing power of the whole network is still growing at a rate of 30% per month. The continuous rapid increase of computing power shows that Bitcoin Classic is being gradually accepted by miners and the public, and more and more users are willing to provide computing power for Bitcoin Classic network maintenance, leading to the higher and higher value of Bitcoin Classic.
Technological Innovation
As a product of the most cutting-edge technology of the 21st century, Bitcoin Classic’s technology advantage is very huge, and this point-to-point electronic cash system allows users to make low-rate, efficient electronic transfers anytime and anywhere.
Bitcoin Classic also has great innovation over the original Bitcoin, and the community development group modified and optimizes based on the original Bitcoin code:
（1）Restart Op-code, as a foundation for ecological prosperity
（2）Introducing OP_Checkdatasig, to reenable smart contracts
（3）Expand block capacity and carry greater traffic
（4）Technical iteration is completed with the Schnorr signature
（5）Access CTOR, accelerates block propagation
The optimization of the underlying code will make Bitcoin Classic a more perfect point-to-point electronic cash system, and Bitcoin Classic network after optimization can accommodate intelligent contract deployment, in the future will gradually appear based on Bitcoin Classic network, users can also through the Bitcoin Classic network to create stable tokens, dividend tokens, irreplaceable collectible, scalable game projects and so on.
Social acceptance degree
For networks such as Bitcoin Classic, User volume is the key to determining its value, So social acceptance is an important indicator of the value of Bitcoin Classic, Only just a year since its birth, Bitcoin Classic’s Chinese and English communities have been slightly in scale; Large number of fans worldwide, Social acceptance is improving rapidly; The tweets of former President Barack Obama and Bitcoin Classic co-founder Carlo are, according to media reports, Bitcoin Classic may have been watched by Obama; The celebrity effect will lead to a significant increase in Bitcoin Classic social acceptance in a short time.
Bitcoin Classic fundamentals are excellent, worth the key layout
After conducting in-depth investigation of Bitcoin Classic fundamentals, we confirmed Bitcoin Classic as our key layout object for the next five years and formulated a multi-dimensional layout plan for Bitcoin Classic.
Combined with our previous experience in the layout of Bitcoin and other blockchain projects, we have decided to layout the Bitcoin Classic from the four dimensions of capital, technology, community, and computing power.
Capital dimension
We will use cryptocurrency venture capital funds to keep buy Bitcoin Classic,, considering Bitcoin Classic is currently a new cryptocurrency. We may purchase Bitcoin Classic regardless of the short-term price difference; we plan to start continuous purchase in 2021 with BGH, holds no less than $ 2 billion in BGH. until 2025
In addition to direct purchases, we also plan to establish financial derivatives about Bitcoin Classic with other financial institutions, which could be futures, options, or otherwise.
Technical dimension
Based on our years of investment experience in the Blockchain field, we know that technological innovation will be an important factor in determining the success of the project, so we will invest some money to motivate the Bitcoin Classic development community, our initial plan to invest at least $ 50 million to motivate the Bitcoin Classic community developers and reward all developers who have contributed to the Bitcoin Classic network.
In addition, we will hold global hackathons for Bitcoin Classic under the name of Sheewa Capital to attract top development talents from around the world to join the Bitcoin Classic development community.
Computing force dimension
Bitcoin Classic is a cryptocurrency based on the workload proof mechanism, so computing power is very important for Bitcoin Classic networks. We have plans to increase our holdings and build the mine site to increase our computing share in the Bitcoin Classic network.
If the mine acquisition and mine construction go smoothly, we will have at least 100,000 Bitcoin Classic ASIC machines within 5 years and large Bitcoin Classic mines with clean energy mining in countries friendly to cryptocurrency mining like El Salvador.
Community dimension
Consensus is an indispensable link in Blockchain, and to help Bitcoin Classic grow rapidly, we will establish operating divisions around the world and hold regular Bitcoin Classic Consensus meetings.
Multi-dimensional layout Bitcoin Classic will catalyze the growth of the project, and when we intervene, Bitcoin Classic is hope to become a global point-to-point electronic cash system within five years. Bitcoin Classic is likely to refresh our highest ROI in nearly 30 years, which is certainly more noteworthy than the ROI but the world changes; innovation in technology will bring infinite possibilities to the future of Bitcoin Classic, it may not only pay in the future, it may cover the current traditional financial system, a series of financial activities in the future society can be launched through the Bitclassic.