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Hedge Funds

Crypto Hedge Funds Saw 46% Loss In 2018 Bear Market, Pwc Report Says

by cointelegraph.com posted 2months ago 20 views
Findings by PwC and Elwood confirm the extent of the challenges, with bitcoin prices since decisively reversing. Statistics reveal hedge funds in the crypto sector saw near-50% losses last year, according to a report from Pwc and Elwood The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12. According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin (BTC) falling from $20,000 to just $3,000.

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