#1 Source For Bitcoin And Altcoin News
You learn ten-times more about a market when it goes down than when it goes up. And during yesterday’s 10 percent bitcoin crash, we learnt something important. We learnt which altcoins stay strong in a crypto selloff. A very small group of altcoins outperformed bitcoin during yesterday’s selloff: BNB, Chainlink, and Leo. It’s the first […]
The post 3 Altcoins Emerge as Potential Hedge While Bitcoin Price Plummets appeared first on CCN Markets
As speculative interest has returned to bitcoin futures markets, so too have short sellers. According to the most recent CFTC Commitment of Trader’s (COT) report, hedge funds may have been getting roasted by BTC/USD’s meteoric rise through $ 11,000. Hedge Funds Still Bearish Bitcoin Futures Despite Rally A parabolic ascent is something that tends to attracts […]
The post Hedge Funds Are on the Losing Side of the Bitcoin Futures Bet Lately appeared first on CCN Markets
By CCN Markets: Global financial crises are on the rise, thrusting bitcoin into the spotlight. Legendary investor Warren Buffett called bitcoin “rat poison squared,” but it turned out to be nectar, nevertheless. The world’s largest cryptocurrency’s valuation jumped approximately 47 percent between May 5 and May 31 to close the month nearly $ 8,500. The same period witnessed the U.S. market’s benchmark indicator, the S&P 500, drop by approximately 6 percent. Analysts called the bitcoin price surge a net effect of the U.S.-China trade war and Chinese yuan devaluation. They now believe that the cryptocurrency became either a hedge or a
Ari Paul, the co-founder of crypto investment firm BlockTower Capital, says bitcoin adoption is at a standstill because Wall Street is taking a “wait-and-see” approach amid the bear market. In a lengthy tweetstorm, Paul says institutional viewpoints about cryptocurrencies fall into three categories: Venture capital mindset: Is there value creation we can capture with early-stage investment? Passive bitcoin or index exposure: Is this going to be digital gold or a portfolio hedge? Is this a market where we can generate profits as service providers or through active trading? Institutions Are In ‘Wait-and-See’ Mode Paul says the three viewpoints are not
As Nobel Prize-winning economist Robert Shiller put it, “Bitcoin is a social phenomenon.” Rumors, fear, and hype all play an enormous role in influencing the price of cryptocurrency, but these things are not so easy to identify on a chart. While many institutional traders use technical analysis to gain insights into price action, to ignore … Continued
The post Trading on Sentiment: How Crypto Hedge Funds Can Use AI to Achieve Alpha appeared first on CCN
By CCN.com: Ray Dalio, the investment chief at the $ 160 billion Bridgewater hedge fund, joins other money titans and economic experts in warning that a recession looms on the horizon, threatening to wipe out the US stock market. Others still disagree. Dalio Does Davos, Warns US Stock Market Faces ‘Significant’ Risk of Recession Speaking to
The post Why Hedge Fund Titan Ray Dalio Says the US Stock Market is Lurching Toward Recession appeared first on CCN
Renowned hedge fund manager Jeffrey Vinik has dismissed the pot stock craze, describing cannabis investment as overrated and likely to suffer from squeezed margins. Speaking on CNBC’s Squawk Box on January 10, Vinik also revealed that bitcoin currently accounts for “zero percent” of his investment portfolio. Returning to the hedge fund scene after a five-year hiatus, the
The post ‘Nobody’s Going to Make Money’ on Pot Stocks: Hedge Funder Jeff Vinik appeared first on CCN
Technical analysts believe the Bitcoin price is at a turning point. Using the GTI VERA Bands Indicator, a new Bloomberg article suggests that the flagship cryptocurrency could be “on the brink of a large move.” It could go either way, the indicator suggests. Bitcoin price moves over the past 18 months prove surprises could be
The post Bitcoin: Crypto Hedge Fund Says ‘We’ll See More Lows Before We Head Higher’ appeared first on CCN
Investment manager Bill Miller — whose firm invested $ 1 billion in bitcoin in 2017 — predicts that Amazon’s stock price will double over the next three years, but believes Apple will struggle in the short term. “Amazon should double again in the next three years,” Miller — an Amazon perma-bull — told CNBC. “The top line is going
The post Amazon Stock Will Double In 3 Years, Says Hedge Funder Who Invested $ 1 Billion in Bitcoin appeared first on CCN
The film “The Big Short” is about how Michael Burry’s Scion Capital and others famously uncovered the housing bubble and sought to profit from it. Fir Tree Capital Management was part of this story as well, except they were on the other side of the table. They noticed the crash taking place in sub-prime mortgages
The post The Big Long: Faith in Underwater Mortgages Nets Hedge Fund $ 2.6 Billion Payday appeared first on CCN
The Wall Street Journal published an article on Tuesday, the gist of which was that computerized trading by quantitative hedge funds is to blame, if blame is to be assigned, for the downturn in the overall market. Leave out a geopolitics that might as well be alien to anyone who didn’t just enter the workforce.
The post Quantitative Hedge Funds: Wall Street’s Own Mt. Gox Willy Bot(s)? appeared first on CCN
Mark Dow, a former International Monetary Fund economist who manages a family office in southern California, has finally closed a short position he opened against Bitcoin (BTC) at the height of the market last December, shortly after Bitcoin futures began trading. In a recent tweet, Dow put it simply, “Today I say goodbye to the bitcoin short. Sad!” […]
SludgeFeed
Morgan Creek founder Anthony Pompliano has claimed that his company’s $ 1 million bet on stocks outperforming crypto over the next ten years has had no takers since it was put up more than a week ago. On December 9, CCN reported that Morgan Creek instituted a $ 1 million “Buffet 2.0” wager inviting investors and money
The post Crypto Hedge Fund: No One Took us up on $ 1 Million Stock Market Bet appeared first on CCN
Morgan Creek puts up a $ 1 million wager, inviting investors who believe the crypto market won’t outperform the S&P 500 to put their money where their mouth is, according to a CNBC report. Morgan Creek operates an index fund called the Digital Asset Index Fund, in partnership with Bitwise Asset Management. The index funds offer high
The post $ 1 Million Bet: Crypto Hedge Fund Wagers Crypto to Outperform Stock Market This Decade appeared first on CCN
Retail investors aren’t the only ones who’ve succumbed to the 2018 bear market, as recent evidence suggests cryptocurrency hedge funds are beginning to fold. According to Anthony Pompliano, a partner at Morgan Creek Digital Assets, he received three messages in a 24-hour period late last week from crypto hedge fund managers that have decided to throw in the […]
SludgeFeed
The depths of this year’s cryptocurrency bear market evidently show significant signs of further trouble. According to notable crypto figure and Morgan Creek Digital founder Anthony Pompliano, significant price drawdowns this year could lead to crypto hedge funds closing up shop soon. Hedge Funds CCN reported today of Bitcoin dropping below $ 5,000 in price, the lowest
The post Crypto Hedge Funds are Going to Start Shutting Down: Morgan Creek appeared first on CCN
Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions. On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $ 330 million from both
The post Strong Demand: Crypto Hedge Funds are Still Raising $ 100 Million+ appeared first on CCN
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The post In Midst of Crypto Market’s Confidence Crisis, GGC Launches Gold-Backed Hedge Coin appeared first on CCN
At current market prices, about 2,500 bitcoins are all you need to secure a prestigious address at 40 Riverside Drive in Manhattan. According to Bloomberg, the president of New York hedge fund R.G. Nierderhoffer Capital Management, Inc, Roy Niederhoffer, is selling his Manhattan mansion consisting of six floors for bitcoin. The 10,720-square-foot house in Riverside … Continued
The post Hedge Funder Accepting Bitcoin for his US$ 16 Million Manhattan Mansion appeared first on CCN
The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of this
The post Report: Crypto Funds Make up 20% of Hedge Fund Launches in 2018 appeared first on CCN
