The depths of this year’s cryptocurrency bear market evidently show significant signs of further trouble. According to notable crypto figure and Morgan Creek Digital founder Anthony Pompliano, significant price drawdowns this year could lead to crypto hedge funds closing up shop soon. CCN reported today of Bitcoin dropping below $5,000 in price, the lowest price this year. Altcoins have also suffered significantly this year, seeing huge percentage losses. Pompliano, or Pomp for short, explained in his blog post today how these dramatic price drops cumulatively affect cryptocurrency businesses. Pomp specifically mentions crypto hedge funds and “high water mark issues”.