Cryptocurrencies have carved made a niche for themselves in many people’s portfolios and the adoption will only increase in time.
This was suggested by a survey carried out by fund administrator, Intertrust, a survey that saw participation from 100 hedge funds globally.
Hedge funds have been deeply involved with cryptos for a while now and according to the survey, 17% of respondents expect to have more than 10% in crypto.
Prominent hedge fund manager Paul Tudor Jones bought into Bitcoin, while Brevan Howard was seen moving small portions of his funds into crypto too.
Of late, however, while the confidence in the market has been growing, hedge funds remain wary.
This wariness among hedge funds and even institutions stems from the volatility in the crypto-market and the lack of regulations.
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.