Key facts:
Zonte Capital begins its work with a fund of 5 million dollars.
Education, capital and entrepreneurship, the keys for El Salvador according to Keiser.
El Salvador has been officially a bitcoiner territory for a few months, but there is still a lot of work to be done for the hyperbitcoinization of the country and the rest of the world. With that in mind, journalists Max Keiser and Stacy Herbert announced the creation of an investment fund focused on companies that develop new advances for the Bitcoin economy.
Is about The Zonte Capital, a fund that takes its name from the experience that served as the basis for what we know today as the first country with bitcoin as legal tender: The Bitcoin Beach project, on El Zonte beach.
The spouses, both Americans, have been living in El Zonte since the beginning of January. They even opted for Salvadoran citizenship, seeking to make their new home the first country that has bitcoin as part of its economy, as we previously reported in CriptoNoticias.
that experience has served both to take this new step with El Zonte CapitalKeiser told Bitcoin Magazine. “After experiencing what it actually looks like, we see this as the inevitable near future for everyone else. We are riding this wave like any surfer would,” the investor said.
The fund will start with a total of 5 million dollars of capital and the participation of the two journalists, general partners together with Cory Kilppsten, founder of Swan Bitcoin. In addition to them, there will be a council of advisors in which “several of the most informed bitcoiners in the world” will participate, the source notes.
“El Salvador is attracting the most intelligent and creative people […] The future is now and it is right here. And so are we.”
Stacy Herbert, journalist and co-founder of El Zonte Capital.
Education, capital and entrepreneurship
Keizer, as Salvadoran politicians have done before, compared the Central American country to one of the leading technology centers in the world today: “El Salvador will be bigger than Singapore.”
To do this, the bitcoiner identified three major aspects that encompass sites where technology has a predominant place: quality educational centers, entrepreneurs and access to capital.
The role of El Zonte Capital will then be to connect local entrepreneurs with the necessary capital to advance, in addition to inviting builders from all over the world to come to the Central American country. This, added to the educational efforts around bitcoin: “We will look at education and educational technology to incorporate as many people as possible.”