Bitcoin buzz lures hedge funds

The surge in Bitcoin that so remarkably broke through all expectations in 2020 was driven by institutional investors, including hedge funds, according to a new research report from Lyxor.

Hedge funds have embraced digital currency and bitcoin, according to the firm, alongside retail investors and family offices, creating dedicated investment vehicles. Recently fund of hedge fund firm SkyBridge pitched its flag in the space launching a dedicated Bitcoin offering.

Bitcoin’s correlation with gold and inflation, and to some extent equities . . .

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