Business Idea:
Trade and profit from bankrupt crypto claims by purchasing distressed assets at a discount and profiting from their eventual recovery.
Problem:
Investors struggle to capitalize on distressed cryptocurrency assets following bankruptcies, missing out on recovery opportunities.
Solution:
Acquire claims against bankrupt crypto firms at discounts and monetize the eventual payout as the assets recover in value.
Target Audience:
Crypto investors, distressed asset traders, hedge funds, and institutional investors seeking high-risk, high-reward opportunities.
Monetization:
Profit from buying claims below payout value and selling or netting the claims once asset recovery increases their worth.
Unique Selling Proposition (USP):
Specialized focus on distressed crypto claims with strategic timing to leverage bankruptcy recoveries, turning distressed assets into profit.
Launch Strategy:
Identify platforms or brokers dealing with bankruptcy claims, establish relationships, and start with small claims to test profitability.
Watch the full My First Million Episode on Youtube:
He Made $15M From FTX’s Bankruptcy