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Bitcoin – Identifying the diversification opportunities in this ‘monster’
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After breaching the $50,000-level, briefly, over the last 24 hours, Bitcoin was hovering near $48,700 at press time. Meanwhile, a majority of the hedge funds (57%) are trading in crypto or choosing the asset class as a fundamental investment strategy.
Source: PwC
2021’s PwC study had also noted that 86% of hedge funds, which are currently investing in digital assets, intend to deploy more capital into the asset class by year-end.
Having said that, Fidelity Digital Assets’ Chris Tyrer also stated in an interview recently that “crypto-native assets such as Bitcoin will play a very prominent role in investment portfolios going forward.” He said,
“But then equally, I really believe that with Blockchain we are creating a new operating system for
Read more on ambcrypto.comAbout this in other media
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