Cryptocurrency
Number of Crypto Hedge Funds More Doubles in 1 Quarter
You may have heard me say that the growth of Cryptocurrency hedge funds are exploding in 2018. If you thought that was hyperbole, then consider this; the number of hedge funds trading cryptocurrencies more than doubled in the four months to Feb. 15th! This despite the fact that late December through January cryptocurrencies had […]
You may have heard me say that the growth of Cryptocurrency hedge funds are exploding in 2018. If you thought that was hyperbole, then consider this; the number of hedge funds trading cryptocurrencies more than doubled in the four months to Feb. 15th!
This despite the fact that late December through January cryptocurrencies had lost a significant portion of their value. The latest count shows at least 226 crypto hedge funds, up from 110 global hedge funds as of Oct. 18th. The assets in these funds now tops $5 billion. My lawyer says he is setting up “at least one” crypto hedge fund per week in 2018.
According to Coinmarketcap, the value of all virtual currencies (price multiplied by the number of coins issued) – currently stands at around $465 billion, down from more than $830 billion in early January. My projection is that the market capitalization will top $2 trillion by year end.
