Hedge Funds Invest in Crypto
38% of traditional hedge funds are already investing in crypto, up from 21% a year ago. And many new hedge funds that specialize solely in investing in crypto and other blockchain digital assets have started launching.
Many investors see blockchain technology producing massive profits just as the internet did for the dotcom boom of the early 2000s, which spawned companies like PayPal, Google, Amazon, Yahoo and Ebay. Blockchain technology is the evolution of computer technology, so it is a wise assumption that the technology will produce another massive windfall for investors.
The crypto hedge fund, Kingsly Digital Assets Fund, noted that they’ve seen a “sharp rise in demand for its crypto fund” over the past year.
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