Topic: Hedge Funds Getting Interested w/ Bitcoin (Read 187 times)
As the market is extremely volatile and prone to movement even the slightest FUD, ideal for big hedge funds as they could influence the price just by mouth.
Bitcoin has been called by many names both positive and negative. One man called it as just a fraud and a possible scam while there are those who are defending it like a very innovative or revolutionary new way of doing things. Now, with the value surging so high (more can be coming especially next year), there are now many hedge fund managers who are getting interested to have their share of the potentail profits they can get out of Bitcoin.
As votes of confidence, giant investors like Andreessen Horowitz are finally calling Bitcoin safe enough to enter in. As the investors come, more and more will follow very soon. VanEck, a $38 billion investment fund (mainly in gold and precious metals) has made the move in August to switch some assets into Bitcoin as well.
Bitcoin’s market is currently around $75 billion, which still seems young to gold’s $7 trillion market. But the very fact that Bitcoin is being compared to something as old as gold, is something to take note of.
The shift has already started and then there would be a bandwagon which Jamie Dimon really feared of.
It is difficult to get rid of the old habits and accept something new such as BTC.It may not be so difficult to understand and accept for young people,but some old players in the financial world not reconcile easily with the changes that will come.It is true that BTC if far away from gold market but it is now over 95$ billion actually.Considering the history of gold and BTC it is difficult to compare them,BTC is just at its beginnings and will need more time to become a serious player on the world financial scene.
I think that no one will miss opportunity to earn,the question is only whether they join sooner or later.
Bitcoin has been called by many names both positive and negative. One man called it as just a fraud and a possible scam while there are those who are defending it like a very innovative or revolutionary new way of doing things. Now, with the value surging so high (more can be coming especially next year), there are now many hedge fund managers who are getting interested to have their share of the potentail profits they can get out of Bitcoin.
As votes of confidence, giant investors like Andreessen Horowitz are finally calling Bitcoin safe enough to enter in. As the investors come, more and more will follow very soon. VanEck, a $38 billion investment fund (mainly in gold and precious metals) has made the move in August to switch some assets into Bitcoin as well.
Bitcoin’s market is currently around $75 billion, which still seems young to gold’s $7 trillion market. But the very fact that Bitcoin is being compared to something as old as gold, is something to take note of.
The shift has already started and then there would be a bandwagon which Jamie Dimon really feared of.
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