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BlackRock's Bitcoin ETF Impact on Africa

Affordable housing

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ezekmunguti
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0% found this document useful (0 votes)
9 views19 pages

BlackRock's Bitcoin ETF Impact on Africa

Affordable housing

Uploaded by

ezekmunguti
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

IN REFERENCE

TO OUR POTENTIAL
E-BOOK: SOLUTIONS TO
THE TWO CENTS MAJOR
OF A RADICAL ECONOMIC
WELFARE PROBLEMS.
ECONOMIST.
 The project consists of starting an
Asset Management company.
 The cryptocurrency
market especially Bitcoin is
considered as digital gold. Since
the beginning of 2023, Bitcoin has

PROJECT.
risen roughly 350%.
 As a result, American financial
institutions such as Blackrock that
have trillions of dollars
in capital have gained confidence
in Bitcoin and filed for Bitcoin ETFs
that were approved in January.
 For far too long, Africa has stood on
the sidelines concerning new financial
technologies.

K-BIT  By investing in Bitcoin, which has


proved to be a good store of value
and a hedge against inflation; which
INVESTMENT has grown rampant in the last two
decades, our company, K-BIT

MANAGEMENT
Investment Management Company
Ltd, can help our clients to keep their
purchasing power in the long term.

CO., LTD. This is the problem that we're trying to


solve. With the profits, we
could provide solutions to problems in
the housing, transport and
education sector.
COMPANY
LOGO
 K-BIT is here to help our clients
hedge against inflation, make profits
from their investments and invest on
the behalf of those who want to

THE FIRM'S
invest but aren't conversant with
crypto investing or investing in
general or want a hands-off

OBJECTIVE. approach to investing where we do


all the work for them ie, the
research, risk management, the
investing and taking profits; which
are split between our clients and the
firm.
HOW TO
 1. Download Yellow Card app on Play store.
2. Deposit 10 USD/ KSH.1500 on Yellow Card using M-
PESA or Bank transfer. It may take a few minutes or a
full day depending on the deposit method you use, to

START reflect the balance on your Yellow Card account.


3. Buy MATIC worth 10 USD/ Ksh.1500.
4. Send MATIC amount worth 10 USD (using the QR-

INVESTING code prov ided in the next slide or in our e-book).


5. Press the icon at the top of the screen to scan the
QR-code below, then confirm transaction.

WITH OUR 6. Send your name, ID number, phone number, main


email address and the time you sent the MATIC, to this
email: [Link]@[Link] and forward
the email you receiv ed from Yellow Card after sending

FIRM. the MATIC, to the abov e email.


The abov e information is to ensure we don’t confuse
one client with another and for your user profile once
we establish the company. Profits after inv esting will be
sent to your Yellow Card account where you can
withdraw v ia M-PESA or to your external crypto wallet.
From your crypto wallet, you can sell the MATIC for
cash straight to your debit card.
NOTE: MATIC is a cryptocurrency with a low transaction
fee. That's why we suggested using it.
QR-CODE FOR
DEPOSITS.
 The assets that we plan to purchase
include Bitcoin, a few more altcoins
ie, top performing cryptos, a few
TARGET low market cap cryptos that show
promise, investing in top crypto

ASSETS.
liquidity pools, Micro-strategy stock;
whose founder Michael Saylor is all
in on Bitcoin. Other investments will
include gold, silver, oil, real estate
among other investments such as
private equity ie venture capital
and starting other businesses.
 Our profits will come from taking
a percentage of 5% of the total
amount invested and splitting
the profits 50-50 with the investors
since profits will be substantial in the

HOW THE FIRM


long run.
 Currently, we plan to begin
operation using Yellow Card app for

WILL OPERATE. deposits and withdrawals. We could


partner with them in the beginning
phase. However, once the firm is up
and running, we'll develop our own
website and mobile application.
 Later on, possibly, we could
buy Yellow Card's company and
rebrand it, to
continue facilitating deposits and
withdrawals.
 Concerning the housing sector, with
the profits, we could
purchase container houses that cost

GIVING BACK as low as Ksh.1.25 million and rent


them for Ksh.5000 each hence
providing affordable housing.

TO THE Concerning the transport sector, we


could purchase electric buses of 50 to
70 capacity @ Ksh.10-20 million each

COMMUNITY. to reduce traffic congestion and


provide cheap transport. Concerning
the education sector, we could start
an online university that teaches
digital skills to help reduce
unemployment such as forex, options
and commodities trading, affiliate
marketing etc.
AN EXTENSION: REQUIRED:-
1. HOLDING COMPANY
K-BIT 2. LIMITED LIABILITY COMPANY
TRUST
INVESTMENT,
3.

These will help with reducing business


PENSION taxes.
To bring in more clients, we plan to

MANAGEMENT lower the minimum requirement for


our investment, pension and insurance
services to 10 USD or KSH.1500 monthly.

& INSURANCE Our goal is to reach 1 million clients or


monthly subscribers.

CO., LTD.
(KIPMIC)
 The insurance funds are to be used
to hedge the investment capital in

INSURANCE. case profits need to be paid but


we've unfortunately encountered
heavy losses. The insurance funds
will be put into gold/bitcoin.
 Investment will include the riskier

INVESTMENT. assets in crypto, not Bitcoin ie, the


ones mentioned in the target assets
slide.
 The pension funds will be put into physical
gold.

PENSION AND
 We'll mint new Afri-bit crypto tokens that
will be available as profit/pension for our
clients/community.
If we put 1 million USD in gold, we mint

OUR

new Afri-bit tokens that will have
a constant value ie, will be
a stablecoin (Afri-bitt).

COMPANY'S  We could have 2 tokens, a


stablecoin and a volatile one. The
volatile one will be like our stock with the
real gold assets as total value locked

"STOCK". (TVL) so that other people could invest in


our company. We could keep a
certain percentage of the supply like
Satoshi did to show that we believe in our
project and also to profit.
 The stablecoin (Afri-bitt) will be
backed by gold at a rate of 1:1,
hence could make a good reserve
currency for Africa as the USD isn't
going to last in the long-run as a result
of their massive foreign debt of 34
trillion USD.
FURTHER  If the massive foreign debt leads to
their economy's collapse, consistent

EXPLANATION.
with their economists' predictions,
the USD will devalue drastically
hence won't be able
to adequately function as a reserve
currency. Our current reserves
will drastically devalue and so will the
KSH, when this happens, hence the
need for safety measures such as the
existence of a back-up ie ,Afri-bitt.
Our programmers and IT specialists
NECESSARY

will need to learn about smart
contracts so that we can know

RESEARCH. how to create the 2 crypto tokens.


We suggest reading our e-book to get
more insights on modern solutions to
major economic problems that we
provide. The e-book is available on ...
We believe that innovations may
CONCLUSION. come from relatively new existing
modern technologies and should be
incorporated where they are being
under-utilized. That is what our firm
plans to do.
FRONT COVER
PAGE OF THE
E-BOOK.
BACK COVER
PAGE OF THE
E-BOOK.

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