By Bitcoin Magasin - 6 måneder siden - Lesetid: 3 minutter
Bitcoin Alpha-konkurransevinner Animus Technologies tildelt $1 million i startkapital
In conclusion of the inaugural Bitcoin Alpha Competition, Samara Alpha Management og Bitcoin Magazine Pro valgt Animus Technologies, a Los Angeles-based digital assets fund, as the victor in what was a “breakthrough moment” for the fund manager. As winner of the competition, Animus was awarded $1 million in seed capital and access to Samara Alpha’s institutional-grade infrastructure for managing their fund. Animus and their CEO Maxmilian Pace were recognized on-stage at the Bitcoin Amsterdam konferanse for their AI-based model for capturing alpha in the Bitcoin market and were hand-selected for their innovative approach amongst 150 other talented applicants.
Animus, which began six years ago at the University of Southern California, was the result of three close friends with a passion for Bitcoin and artificial intelligence who saw an opportunity in a nascent market using a toolset that was being underleveraged in the form of artificial intelligence. Their flagship model employs a long-only strategy that integrates real-time market sentiment data processed via AI to capture excess returns in the Bitcoin marked.
Animus’s CEO Pace expressed that winning the Bitcoin Alpha Competition was “massive” for their operations, both in terms of the $1 million prize, but also due to Samara Alpha’s institutional-grade infrastructure and industry reputation:
«Når du driver et fond, trenger du admin, skatte- og revisjonshjelp, stiftelse, så mange ting; å kunne strømlinjeforme det, fra et kostnadsperspektiv, er fantastisk. Det er ikke akkurat lett å velge den riktige tjenesteleverandøren for disse tingene, og det er en ekstra barriere for nye fondsforvaltere som bryter seg inn i området. Nå kan vi fokusere på det vi er best på, som er signaldannelse og verdiskaping gjennom forskning.»
I en forespørsel om kommentar bemerket Samara Alpha Managements Chief Risk Officer Roy Tse:
"Vårt partnerskap med Bitcoin Magazine on the Alpha manager search has been a tremendous success and we were impressed and pleasantly surprised by the number of innovative strategies we have seen. We are excited to provide $1mm in seed capital to the winners, Animus Technologies, and look forward to nurturing and helping their business grow.”
When asked why Animus uses Bitcon as a vehicle for generating returns rather than traditional assets, Pace opined that Bitcoin is “inherently speculative; it is inherently a psychology problem. The fact that narratives are impactful for individual trading behaviors means that those narratives then have a strong effect on the price and the story that underlies this asset. We’ve seen that this week with the [false] ETF news coming out. An ETF didn’t come out, it was just news about the ETF that moved the market sharply.” Ostensibly, their AI models for teasing apart that sentiment allows them to capitalize on these emotional bouts of volatility.
Pace also offered insight on the current state of Bitcoin market as it traded around $34,000 after the recent run-up in price:
"For første gang på lenge ser vi grådighet bli utbredt i markedet, noe vi ikke har sett de siste 18 månedene på noe tidspunkt. Hvis du ser på de siste 2 årene, har det vært det ekstremt bearish. Jeg tror den siste oppgangen i sentiment lover ekstremt godt å gå inn i halveringen og alt som kommer til å bygges av hælene på innovasjonen vi har sett i bjørnemarkedet. Det er så mye bygging som foregår i løpet av som så kommer til syne når markedet snur. Her er hva jeg vil si: Ikke vær redd for at vi er opp 50 %. Zoome ut. Realiteten er at det er på tide in markedet når du har å gjøre med en eksponentielt voksende teknologi.»
Som Bitcoin industry seems to be awakening from the slumber of a grueling bear market, the innovators, die-hards and battle-hardened HODLers are excited to show off what they’ve accomplished in the meantime. Bitcoin Amsterdam was an opportunity for companies like Animus and Samara Alpha Management to connect and form relationships that will pay dividends long into the future.
Se Bitcoin Alpha award ceremony at Bitcoin Amsterdam by clicking her.
Opprinnelig kilde: Bitcoin magazine