Crypto hedge funds continue to expand their business globally despite BTCUSD depreciation since the start of the year!

  • by Amir El Araby
  • September 18, 2018, 2:4 AM
  • 1153 Views
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Cryptocurrency bears grabbed the control over the market once again, but crypto hedge funds are unabashed and continue to expand their business globally.

Thus, Bloomberg reports that BlockTower Capital opened a second office. This fund was co-founded a year ago by former Goldman Sachs investment manager Matthew Goetz.

Since the beginning of the year, crypto hedge funds have lost 52% of their value as compared to Bitcoins 54% loss, but the damage seems to not great enough to discourage the investment managers.

Amir El Araby

Financial advisor with 20 years’ experience in the technical analysis studies for FOREX, Commodities, and Indices. Amir El-Araby worked as a mentor for many companies and institutes, where he presented new methods for trading in the financial market. Amir is a member of the Egyptian Society of Technical Analysts (ESTA)

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