With the bitcoin currently hanging around only $9,000 and the whole of the cryptocurrency space at same low levels, short-term investors are acting like there is an excellent mishap is ahead of us.

On the other hand, long-term investors are just coming into the ecosystem now and are creating a portfolio of assets offering growth opportunities which are not correlated to the stocks and commodities.

Multicoin Capital, a Texas-based crypto investment fund plans to close a $250 million flagship fund end of Q2 2018. This is an increase from just $100 million which was their initial target when it was founded in October 2017.

This high target is supported by the coming of new investors like David Sacks and Bill Lee of Craft Ventures, Chris Dixon, Marc Andreessen, Compound, Passport Capital, Vy Capital, Adam Zeplain of mark VC, Ari Paul of Blocktower, and Elad Gil of Color Genomics, Twitter.

Kyle Samani who is the co-founder and a Managing Partner at Multicoin Capital stated that they were very fortunate to work with some of the most renowned investors from New York City and Silicon Valley.

Samani added that the past six months had been categorically incredible. From launch, there has been a flow of interest for Multicoin Capital which validates the irresistible need for professional fund managers who intimately understand the market.

He further affirmed that there are currently over 200 crypto hedge funds within the mix and that Multicoin Capital stand out by just following precisely what investors such as Buffet and Graham did in the stock market. He stressed the need to create a brand as well as reputation which accurately reflects the intellectual rigor of the firm.

The management in charge of the fund expects more of the big brand financial services providers to come into the cryptocurrency markets in 2018.

On Wednesday, Samani told Reuters that what’s seen now is what’s known as the next wave of a serious investment coming to an exhilarating, recently legitimized asset class. Its flagship fund at present purportedly manages about $50 million.