Bitcoin has surged over the past year, but many investors are wary about the cryptocurrency, particularly if it falls into the hands of criminal groups.
But a group of people who want to get into the market have set up a Bitcoin Cash fund, with plans to launch their own exchange soon.
The group behind the fund, called Bitcoin Cash Capital Asset Fund (BCCAF), is currently raising funds through its website.
Bitcoin Cash, which was created in 2016, was created as a decentralized alternative to bitcoin.
But it has also gained a lot of popularity as a digital currency, and has become one of the most popular cryptocurrencies in the past few years.
As of now, BCAF has $1.1 million in total assets, and according to the website, it will reach $2 million within a few months.
The company, which has an office in the U.K., is still looking to raise more capital, but it currently has around $300,000 on hand.
The fund is based in New York, but according to CEO John Taylor, its aim is to expand to other countries in the future.
“We don’t know what will happen to Bitcoin Cash in the United States and China, but the U,S.
has a very significant number of exchanges, so if the Bitcoin Cash team can get the necessary support in the States and elsewhere, then we’ll be ready,” he said.
“I think the biggest challenge for Bitcoin Cash is getting into exchanges, but hopefully we can grow our support in China and elsewhere.”
The company has partnered with BitGo, a bitcoin wallet provider, to launch the first Bitcoin Cash wallet for the Chinese market.
“It is our goal to have a fully functional Bitcoin Cash Wallet by the end of January,” Taylor said.
Currently, BCOF has about $1,600 in Bitcoin Cash.
In addition to Bitcoin cash, Bcash has other cryptocurrencies, such as Ethereum, Ripple, and Litecoin.
While Bcash is the largest cryptocurrency, there are other cryptocurrencies with similar assets.
Bcash and Bitcoin are the most active cryptocurrencies in North America, but there are several other cryptocurrencies that are gaining popularity in the world.
“There’s been a lot more attention focused on the altcoins, but altcoins are still relatively new,” Taylor explained.
“The fact that Bitcoin Cash has a lot going for it, is a sign that it’s a viable alternative.”
The Bcash team plans to raise money through crowdfunding on the Bitcoin cash website.
Taylor told CoinDesk that the Bitcoin and Bcash teams have met in person, and the two are in good terms.
“They are both extremely supportive of each other and I think they’ll get along just fine,” he told CoinMarketCap.
“At the end, the plan is to create a fully functioning Bitcoin Cash Bitcoin Cash (BCCH) exchange by the time the ICO is over.”
A Bitcoin Cash exchange would allow investors to buy and sell Bitcoin at a price that matches their cryptocurrency holdings.
But that would be the case even if a Bitcoin exchange was launched at the end.
The BCA team believes that the altcoin market will grow exponentially, so the company plans to work to keep Bitcoin and other cryptocurrencies alive.
“As the number of altcoins increase, so does the value of Bitcoin,” Taylor told Coindesk.
“If you were to start a Bitcoin cash exchange right now, you’d have to take into account the current price of Bitcoin, the price of the alt coins, and how many people are using Bitcoin Cash at any given moment.”
For more on Bitcoin Cash and other digital currencies, check out our recent interview with Taylor.
The article has been updated to reflect the company’s current status.