A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify their portfolios. Altcoins Preferred In his remarks following this announcement, Prakash Chand, the managing director at FD7 Ventures, touts the potential of the two altcoins while claiming that BTC “is actually pretty useless.” Chand added: Projects such as Cardano, Polkadot and Ethereum are the foundation of the new internet and Web 3.0. The managing director adds that after spending time with the founders of both projects, he is “willing to bet that each of Ethereum, Cardano and Polkadot will be more valuable than Bitcoin within the next few years.” ADA and DOT Surging Meanwhile, since the start of the new year, both Cardano’s ADA and Polk
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