Today there are more and more rich people who want to invest in the crypt, but do not want to understand the coins or play on the stock exchange. Such rich people trust their funds to hedge funds, investing an average of one hundred million dollars. It is important for them that their funds are simply in crypto-assets.
According to the research house Autonomous NEXT, the number of crypto-currency hedge funds over the past four months increased more than two times. October 18, 2017, there were 110 of them, and as of February 15, there were 226. A year ago it was reported a total of 37 hedge funds.
The difference between hedge funds and exchanges is that investors ' assets are managed there by a team of professionals, and investors themselves may not even know what exactly their money is invested in. Hedge funds often use complex trading strategies that include leverage, short selling and derivatives.
What do we care about that? Mike Novograts, Manager of Fortress Investment Group (FIG), predicted December 28 bearish wave of the market, believes that thanks to hedge funds, the bitcoin rate could rise to 40 thousand dollars by the end of this year!