bitcoin hedge fund

The staggering returns of over 13,000% for bitcoin represent a large fraction of the market increase in the cryptocurrency world, but are nothing when compared to the gains received from Pantera Capital. The firm known as Pantera Capital has been able to gain as much as 24,000% for investors in the Bitcoin Fund they run since the launch of the fund in 2013. Nathanial Popper, a reporter stated that “a significant portion of the gains have come this year, thanks to the skyrocketing price of an individual bitcoin, which hit $19,000 on Monday.”

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Hedge funds that focus on cryptocurrency has been increasing at an extremely large rate since the beginning of this year. With Pantera being founded back in 2003, they were one of the first companies to offer digital coins and investments in blockchain technology, which runs the cryptocurrency world. Around $2 billion has been invested so far in hedge funds that specialize in these types of markets during the 2017 fiscal year thus far. There are currently around 100 such funds, according to a recent report. Some traditional hedge funds have begun to offer these types of products to their investors as more and more become interested in the cryptocurrency world.

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Typhon Capital Management, a Florida based hedge fund has specialized in commodities for quite some time. Launching a fund at the beginning of 2018, they have been able to offer their customers the option to invest in cryptocurrencies. The CEO, James Koutoulas stated that he expects over $5 million to be invested in the new fund. The hopes are high that more of these funds come into existence over the next couple of years, as the cryptocurrency world is increasing at quite a rapid pace. Hopefully, these funds will be able to offer their customers high gains during the end of this year and the beginning of the next.


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