Analysis firms Eurekahedge and HFR have recently reported crypto hedge funds recorded a 16.33% return in 2019, while this figure only reached 10.4% in the case of traditional funds.
According to the Financial Times, cryptocurrencies are still an extremely volatile investment tool in annual terms. Thus, in 2017, the Eurekahedge crypto hedge fund index increased by 1,708.5%, while in 2018 it plummeted by 70.27%. According to PwC and Elwood, crypto hedge funds losses rose to 46% during the 2018 market downturn.
Steve Kurtz from asset manager Galaxy Digital noted:
"Bitcoin has a higher return on a one, three and 10-year basis than any other asset class."
Chris Zuehlke, global head of Cumberland Crypto Fund, said:
"It is only a matter of time before traditional banks get involved, perhaps as brokers between customers and liquidity providers like us."
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