Investors like Warren Buffett or others who believe that "value investing" still exists in the days of centralized markets may hate the "irrational", "essentially worthless" cryptocurrency, but traders who speculate on volatility and actually make money are very bullish on bitcoin.
For example, hedge fund billionaire Alan Howard invested significant personal funds in cryptocurrency last year and plans to invest even more of his own money in digital assets and blockchain technology this year, reports Bloomberg.
In addition, his partners in the Brevan Howard Asset Management fund, which he co-founded, have also independently invested in cryptocurrency. However, such investments are made from personal funds, without using the fund's $9.1 billion capital, because the company does not use client money for such investments.
Howard has brought experts to work on digital asset initiatives to better plan its next steps. He could invest in the private capital of blockchain companies or participate in ISO. This would be beneficial now, given the recent decline in cryptocurrency prices.
Of course, Howard's interest in cryptocurrency contrasts with the hostility of many financial luminaries, from Jamie Dimon to Warren Buffett. On the other hand, "new generation" cryptocurrency advocates have emerged, including former Fortress Investment Group LLC manager Mike Novogratz and billionaires Mark Cuban and Peter Thiel.
Hedge fund Brevan Howard had its worst annual performance last year largely due to a lack of volatility amid central bank stimulus that kept traders from making money, but the fund has fared better since the start of 2018 as volatility has finally returned.
According to https://www.zerohedge.com
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