Betting Against Bitcoin: Hedge Funds are Targeting Price Falls

Betting Against Bitcoin: Hedge Funds are Targeting Price Falls:

Hedge funds are rapidly expanding into the crypto market with announcements from CME Group Inc., Cboe Global Markets Inc., and Nasdaq Inc., elevating cryptocurrencies into an emerging asset class. These hedge funds have passively watched the cryptocurrency system buildup over time with incentive markers in the price index volatility and steady comparative variations among altcoins and cryptocurrencies. Now, this high-risk venture will take its chances with Bitcoin Futures services provided by the aforementioned once Chicago Mercantile Exchange’s futures market open, targeting price-falls of cryptocurrencies to maximize investment returns.

H/t reader kevin a.

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