Cryptocurrency Investments Allegedly Grew Heavily in 2019

Is cryptocurrency becoming far more mainstream and legitimate than we all realize? According to a new report, it just might be.

Cryptocurrency Is Growing, According to Hedge Fund Managers

Cryptocurrency is small when compared to the world of fiat, but it sure doesn’t have to stay that way, and according to a new report, more investors are flocking to crypto than ever before. In fact, hedge fund asset managers claim that in 2019, more people invested in digital currencies than ever before. At the end of 2018, the amount of money invested in crypto was believed to have been around $1 billion, while at the end of 2019, this figure jumped to well over $2 billion.

In addition, the average hedge fund was believed to hold approximately $44 million in total crypto assets by the end of 2019. The previous year, the number was slated to be around $21 million, meaning that within a 12-month span, the amount of money invested in crypto more than doubled.

According to a survey conducted by PwC and…