Crypto Hedge: Cryptocurrency is Going to Be the Largest Bubble of Our Lifetimes, Billionaire Investor Mike Novogratz Says

crypto hedge

A former principal at Fortress Investment Group is reportedly moving to establish a $500 million hedge fund focused on cryptocurrency and blockchain.

September saw great volatility in the crypto asset class

crypto hedgeSeptember saw great volatility in the crypto asset class. After a huge month in August, we saw the fund pull back down to almost July levels. We attribute much of the action due to China’s tough stance on exchanges, as well as JP Morgan’s Jamie Dimon chiming in and kicking the whole asset class while it was down with his apocalyptic comments about the eventual price of crypto currencies heading to zero.