Morgan Stanley: Hedge Funds Poured 2 Billion Into Cryptos In 2017

in #bitcoin • 6 years ago

arte crypto.png

The investment bank further detailed that more than 100 crypto-related hedge funds have sprung up over the past six years, however 84 of the funds launched in 2017.
The sharp growth trend coincides, unsurprisingly, with bitcoin's 20-times price increase this year, from around $800 in early January to a high of almost $20,000 last weekend.

https://www.coindesk.com/morgan-stanley-hedge-funds-poured-2-billion-into-cryptos-in-2017/

Returns in crypto-sector are ALSO the paradise of greed and speculation, and greed and speculation are the core business of traditional system and banks. This great money inflow will probably increase....

#cryptocurrency #crypto #business #money
6 years ago in #bitcoin by
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