The number of hedge funds associated with crypto currencies is rapidly increasing. According to some unofficial data, more than 70 hedge funds are in the launch process at the moment.
The recent increase in the prices of cryptocurrencies led to the fact that attention was focused on hedge funds, in which crypto assets were kept. Such funds were not popular until Bitcoin and Ethereum began to grow rapidly at the beginning of 2018.
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”, — says Peter Diamandis.
Obviously, this news is the result of a long process of negotiations and meetings. Hedge funds start working in different countries, but as a sign of the growing popularity of cryptocurrency in general — it is very positive. It is also important to consider that most hedge-funds were registered exactly in 2017.