20 Apr Institutional Investors Are Catching Bitcoin Fever Ahead of Halving
With the Bitcoin
BUY NOW halving clock counting down to May 12, the excitement has become palpable. Institutional investors are also catching Bitcoin fever. Mega hedge fund Medallion of Renaissance Technologies is the latest one to flock to trading the flagship cryptocurrency.
New York-based Renaissance is a major hedge fund, with some $75 billion in assets under management. Hedge funds by nature are risky bets, but Renaissance is taking baby steps by choosing Medallion, whose investors are mostly limited to its own employees. [Financial Times]
More signs of institutional involvement in #bitcoin. We are seeing more sophisticated players embrace this new asset class as #bitcoin continues its #QuantitativeHardening
Flagship Renaissance fund dabbles with bitcoin https://t.co/N320QtHsof via @financialtimes
— Brian Kelly (@BKBrianKelly) April 18, 2020
Top Performing Hedge Fund
The hedge fund has selected the CME to trade cash-settled BTC futures
Futures contracts…