El Zonte Capital, a new fund that invests in Bitcoin Beach experiences worldwide, is El Zonte Capital. Controversial journalists and podcasters Max Keiser and Stacy Herbert joined forces with Swan Bitcoin’s Cory Klippsten to put their money where their mouth is. El Zonte Capital has $5M in committed funding, and that’s just the beginning.
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The place where El Salvador’s Bitcoin Law started, El Zonte AKA Bitcoin Beach is the inspiration behind the venture. “El Zonte is hyperbitcoinization. Hyperbitcoinization is economic freedom, and hyperbitcoinization is our main investment thesis,” Keiser said to Bitcoin Magazine.
Max Keiser & Stacy Herbert Launch El Zonte Capital https://t.co/tZvf7u7Pte
— El Zonte Capital 🏄🌋🇸🇻 (@ElZonteCapital) February 15, 2022
Keiser, Herbert and their two-month-old son lived in El Salvador over the course of the last 2 months. Speaking about their conversations with politician and merchants around the country, Herbert said, “We’ve been asking hard, deep questions to all of them and discussing their plans extensively. This is the place to be.” Keiser added, “After experiencing what it actually looks like, we see this as the inevitable near future for everyone else. We are riding this wave as any surfer would.”
What will El Zonte Capital do?
To get into the meat of things, we give the mic to Bitcoiner Ventures’ Cory Klippsten. He said, “We hope to facilitate a two-way exchange of ideas and resources, with companies around the world bringing their products and services to El Salvador, and companies based in El Salvador exporting their innovation to the rest of the world.”
They are not strangers to investing or bitcoin-specific investments. Klippsten holds a share in Bitcoiner Ventures as a partner. ImperviousThe Breeze wallet, Zion social network; giants such as Galoy and Unchained Capital. Keiser, Herbert and Bitfinex have made investments in Kraken, Swan Bitcoin and Bitfinex.
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Do You Want to Bet on El Salvador
El Zonte Capital’s founding members couldn’t be more bullish on bitcoin and El Salvador. Keiser told Bitcoin Magazine, “The future is all around us. I haven’t been this excited about Bitcoin since I first heard about Bitcoin.” Herbert added, “El Salvador is drawing in the smartest, most creative people. Jack Dorsey recently said that ‘a big part of the future is happening in El Salvador,’ and he’s not wrong. The future is now and it is right here”
Bitcoin discussion was had
🇸🇻💙🚀 pic.twitter.com/kOdxvBC9yX
— Stacy Herbert 🇸🇻 (@stacyherbert) February 11, 2022
Their answer to the title’s question is a resounding yes. “We will look at education and education technology to onboard as many people as possible. El Salvador will be bigger than Singapore.” Keiser’s prediction here is ambitious, to say the least. However, bitcoin in El Salvador is legal tender and not Singapore. This is something that bitcoin businesses know.
El Zonte Capital: Can it Shake The Market
What does “hyperbitcoinization is our main investment thesis” mean? El Zonte capital believes that bitcoin will be adopted by the entire world. Is that possible? Most likely not. The investment fund plays the long game. Also, they’re funding companies that will probably take years to take off.
This move is one to be on the lookout for. This is the first real move. #bitcoinCitadel has now a warchest. Prepare yourselves ✊ https://t.co/LhpaumPmZm
— Ray Youssef (@raypaxful) March 11, 2022
El Zonte Capital won’t immediately disrupt the market. However, if you lower your time preference, you’ll be able to see the importance of this investment fund. Their funding aims to make El Salvador’s experiment successful. Plus, they’re not investing in the present of the bitcoin network. El Zonte Capital looks to the future. We are planting the seeds for what’s to come.
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Yes, El Zonte Capital, and the companies that they finance, will likely have an impact on the market in the future. If all goes according to plan hyperbitcoinization could take over the globe. That’s the day El Zonte Capital is betting on.
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