Cryptocurrencies
Crypto Hedge Funds Buy the Dip in Bitcoin’s Week of Reckoning
- ‘Every time we see massive liquidation is a chance to buy’
- Bitcoin lost about a quarter of its value in this week’s crash
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Felix Dian is in fighting spirits after this week’s crypto meltdown.
Like many pros, the former Morgan Stanley trader says Bitcoin’s volatility actually shows why hedge funds are in the digital-currency game: To ride boom and bust cycles with diversified bets so clients don’t get killed at times like this.