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Digital Currency Revolution Series: Raiz Invest Partners With Gemini For New Investment Portfolio
Raiz Invest releases brand new Sapphire portfolio with Bitcoin inclusion, to do so, they partner with Gemini to Offer Bitcoin (BTC) to investors. Thereby, they are offering investors exposure to Bitcoin (BTC) through its Sapphire portfolio.
Raiz Invest, which happens to be an Australia’s leading micro-investing app, that will offer investors exposure to Bitcoin with the launch of its seventh investment portfolio that will have a five per cent target allocation to this alternative asset class.
The announcement has come in through a twitter handle to launch the new portfolio called Sapphire, has strived for about an year and a half to design and develop, and has been specifically designed to meet growing customer appetite for exposure to the alternative asset class of cryptocurrency. Tyler Winklevoss, the owner of Gemini, also clarified about the announcement through his twitter.
George Lucas, the CEO of Raiz, says “Although this latest portfolio offering from Raiz is very high risk, feedback from many customers has clearly shown that they have an appetite for an investment strategy that has an exposure to cryptocurrencies, and the Sapphire portfolio has been designed with this in mind.
The investment objective of the Sapphire portfolio is to provide exposure to Bitcoin in a managed, risk-adjusted way. The minimum suggested investment timeframe is more than five years.”
“Many of our investors are Millennials, who have time on their side when adopting an investment choice such as the Sapphire portfolio for the long term.
A December 2019 report by the US stockbroker Charles Schwab revealed that while stalwart companies ranked among the top investment picks for Baby Boomers and Generation Z, Millennials were more inclined to put money into crypto assets.”
Aside from Bitcoin, the remaining 95% of the portfolio will comprise US, Australian, European, and Asian large-cap stocks, as well as the Australian corporate debt and money markets, all via exchange-traded funds (ETFs).
“The Sapphire portfolio is another example of Raiz listening to our customers and giving them choice and control over where they invest, especially as we emerge from the COVID-19 pandemic and they want to re-examine their investment options,” Lucas added.
While Jeanine Hightower-Sellitto, Gemini’s Managing Director of Operations, also clarifies by adding “Raiz is advancing micro-investments via its new portfolio that provides customers an opportunity to invest in Bitcoin in a thoughtful, regulated manner. We are excited Raiz has selected Gemini as the trusted cryptocurrency exchange and custodian to support this portfolio launch and to help further the adoption of this asset class in the Australian market.”
The Raiz recommends a minimum investment timeframe of five years for the portfolio, in addition to the other investment class, such as, Australian large cap stocks (41.4%), Asian large cap stocks (13.1%), European large cap stocks (6.1%), Australian treasuries (2.9%), Australian corporate bonds (20%), US large cap stocks (8.5%), with the allocation of 5% Bitcoin that would be traded and stored with the Gemini Exchange.