Lately across the web, mainstream media has been highlighting an individual named James Altucher an American author, hedge fund manager, podcaster, and financial jack-of-all-trades. These days Altucher has been riding the trend of the bitcoin phenomenon, and some people call him a “cryptocurrency guru.” This week, public records show Altucher and his colleagues plan to raise $10Mn USD to launch a digital assets trading platform.
The Man Mainstream Media Calls the ‘Guru of Finance’ Plans to Launch a Digital Currency Exchange
It’s hard not to notice James Altucher as his picture with his eccentric hair, and his commentary on finance, is all over the web. These days Altucher’s words are tethered to the subject of cryptocurrencies. Altucher has been around the financial circuit for quite some time as a well-known author, entrepreneur, and he’s sometimes called a “guru.” This week it was revealed in a U.S. Securities and Exchange Commission (SEC) filing that Altucher is backing a company called Bitzumi, Inc., which plans to launch a bitcoin exchange.
“Bitzumi is a vertically-integrated Bitcoin exchange and marketplace. Our mission is to drive growth to the cryptocurrency industry — We plan to launch our business divisions with a phased approach,” explains the firm’s SEC filing on January 4.
Initially, our primary focus will be to develop a publishing and marketing company to educate potential Bitzumi exchange/wallet consumers, and to gain name recognition — Ultimately, we intend for our primary product to be our cryptocurrency exchange and digital storage — We also plan to develop various educational and information products and newsletters focusing on the cryptocurrency industry.