The number of hedge funds with investments in cryptocurrencies has jumped massively in recent months. Reports of as many as 70 new hedge funds with cryptocurrency positions has led to an investor rush.
This number has continued to grow, increasing the availability for institutional-level investment in Bitcoin and other cryptocurrencies. A recent report by Quartz.com indicates that this trend is continuing, as investors seek better returns from hedge funds, as the recent returns from these funds have been lower than the indexed S&P 500.
Hedge fund = price growth
The increase in hedge fund participation has coincided with a substantial increase in Bitcoin price, edging close to $5,000 in recent trading. This jump, predicted by many industry insiders, has been led by increasing mainstream participation in Bitcoin and other cryptocurrencies. The article made it clear that the increasing investor participation will fuel <Read More>
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