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How hedge funds can impact the price of crypto in the future

How hedge funds can impact the price of crypto in the future
  • Traditional hedge funds have typically looked elsewhere outside of the crypto space but over the last few years, these traditional institutions are starting to look at crypto in a different light. 
  • Last year, the space came back from the darkness of crypto winter and so far this year, we have seen bitcoin and alternative currencies perform relatively stable.

Traditional hedge funds have typically looked elsewhere outside of the crypto space but over the last few years, these traditional institutions are starting to look at the crypto space in a different light. Last year, the crypto space came back from the darkness of crypto winter and so far this year, we have seen bitcoin and alternative currencies perform relatively stable.

Cryptocurrency hedge funds were a big part in the healing process from crypto winter and made significant needs within the industry. With this in mind, the recent yearly PricewaterhouseCoopers (PwC) report has estimated the value of crypto assets under management could be around $2 billion.

The report highlights a 100% growth in crypto hedge funds. With such a significant round of growth in these assets, one could assume that these headphones are going to play a big role in pushing the price of crypto and different digital assets.

Bitcoin and many other alternative currencies in the crypto space have been proved to be an asset that can pull a lot of weight. These hedge funds for cryptocurrency can provide an entry for such institutions into the industry.

Before we finish, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

It will be interesting to see how this situation plays out. Could crypto hedge funds be the driver for the future of the crypto space?  For more news on this and other crypto updates, keep it with CryptoDaily!

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