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There are now 226 Cryptocurrency Hedge Funds in Operation Around the World



There is a bright future ahead in the world of cryptocurrency hedge funds. More and more of these ventures are launched every single fiscal quarter. As of right now, there are no less than 226 cryptocurrency hedge funds in existence. A rather spectacular number, although it will continue to increase for some time to come.

The global interest in cryptocurrencies has never been greater. Bitcoin’s price increase is the main catalyst fueling this interest. Hedge fund managers are also paying close attention to these developments. A fair few of them even create separate cryptocurrency hedge funds to get on board with this new form of money. New research by Autonomous Next shows there 226 of such operations active around the world. A solid number, but there’s always room for more.

The Rise of Cryptocurrency Hedge Funds

A lot of hedge funds now focus their attention on trading cryptocurrencies. While a volatile market, there is a lot of money to be made. This has led to the number of cryptocurrency hedge funds doubling in just four months. While the current record is still 226, that situation will look very different in a few months from now. Especially with most markets recovering lost value, the demand for exposure will only grow bigger.

Autonomous Next’s Lex Sokolin comments as follows:

“While the softer prices of crypto assets do create a more difficult environment for investors, I do not think it will pause the influx of funds and other financial institutions building products in the space…It would take the extreme case of the entire space contracting by 80 percent and high regulation before the flow of funds turns around.”

It is also important to note these cryptocurrency hedge funds net a healthy profit. Just last year, the average fund gained over 1,300% over a course of twelve months. This is offset by a smaller 4.6% loss during January of 2018. During that time, most markets lost a fair amount of volume during the yearly January Dip. It is evident things will turn around once again in the near future. Moreover, more clients also generate more passive revenue for these cryptocurrency hedge funds. Fees can be as high as 19% for management and performance for funds tracking.

Header image courtesy of Shutterstock





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The uncensored Bitcoin Core $BTCC coindesk interview

Here is the remaining interview that was not published by coindesk. – Who’s a part of the team? The team is a diverse collection of Bitcoin developers, contributors and enthusiasts. A federation of soverign individuals who are coming together to further the vision of a decenetralized trust network. – How did this idea come about? The idea for Bitcoin Core ($BTCC) had its inception in the days leading up to the original hardfork of BCH and the 2X fork. At its roots, are many of the same values and passions and people involved in the UASF movement. – Can you tell me more about the Bitcoin Core name choice? Bitcoin Core ($BTCC) is a commitment to the core values of Bitcoin. I realize that it’s a joke, making fun of people who call bitcoin “Bitcoin Core.” But what’s the benefit of making “Bitcoin Core” a real thing? Bitcoin Core ($BTCC) is not a joke. Once BCH forked to create a “big block” version, it allowed for experimentation in this implementation. Bitcoin Core ($BTCC) is a representation of the core values of Bitcoin in action. – Why keep the original bitcoin cash chain alive? The original was kept alive as an experimental test bed, and in case there was ever a use for it to make a positive contribution to Bitcoin. It was, and is, a labor of love. – Aren’t altcoins scams? Great question. The definition of a scam is a “dishonest scheme” or a fraud. A scam is claimimg to be something, or someone, that you are not. With regard to altcoins being scams, anything or anyone who claims to be something that they are not are trying to gain the confidence of another to defraud them. That is where the term con-man comes from. Con-men want you to “trust” them. In fact, they rely on another’s trust, that make false claims to gain the confidence of others to defraud them. Con-men are scammers, and to your question, some alt coins are used to scam people. Con-men use people’s confidence in them to defraud them into investing in their altcoin. Cryptocurrencies, like humans, are vehicles for values. If the founder is a “scammer” then their coin will be a vehicle of the values of that founder. They will use their coin to defraud others. They will make false claims about themselves or their coin that are meant to gain the confidence of investors. That makes it a scam, not an altcoin. So it’s all about the core values. – What happened to Bitcoin Clashic? Bitcoin Clashic was maintained, nourished, experimented on, and its code reworked and updated, in preparation for adding value to the ecosystem. That chain was forked on (date) and renamed to Bitcoin Core ($BTCC). – What are the team’s future plans for development? Having access to “big blocks” gives us the ability to do some really cool things. As our reason for being is precisely not to compete with Bitcoin but to add value to the ecosystem, we want to experiment with two things: 1. speed 2. privacy We see faster blocktimes in our near future, and a bit farther out, confidential transactions by default. We are going to experiment with much faster block times, to make it near instant and useable in point of sale systems. Further, privacy is been partly written off on Bitcoin, we however, hold privacy as a “core value”… we have a vision to bring privacy to bitcoin, and add confidential transactions as a default feature to bitcoin core $BTCC. Who should I attribute the above responses to? The Bitcoin Core developers and contributors. Is everyone on the team anonymous? Yes. Bitcoin Core is focused on the message, developing the code, and the community. We do not promote personality. I see what you’re saying about BTCC not being a “joke” per se. The official site is thebitcoincore.org As BTCC is really for the people, and in the hands of the people, we are seeing multiple instances where the community expresses their voice. Some members of the community decided to have some fun and leverage the publicity. However, the Bitcoin Core developers are committed to delivering a unique value proposition, adhering to core values, and offering increased speed and enhanced privacy. 4) The privacy features sound interesting. BUT, the website says (or at least used to say) Roger Ver / CNBC advocated for BTCC. Which seems like a joke/trolling, since he was talking about bitcoin, not BTCC. The community is diverse and so are the voices within it. Some members of the community took the opportunity to leverage the publicity. 5) And the Bitcoin Core (BTCC) Twitter has a photo of John McAfee in space, lol. I want to hear more about all that and the ideas behind all that. :p Again, as serious as we are about delivering a unique value proposition, the community has multiple voices and obviously some have a great sense of humor. McAfee is one of those crypto-characters that are ripe for some fun memes. TheBitcoinCore.org @BitcoinCore_ This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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