, Columnist
Can Hedge Funds Handle a Bitcoin Bust?
Even the smart money might find it hard to play both sides of this trade.
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Hedge fund managers have been lying awake at night for years worrying about poor performance, weak volatility and whether it might be time to just move on and do something else -- like get into Bitcoin maybe.
The allure of 1,000 percent returns in a market of unsophisticated punters who behave in herd-like ways is undeniable. But how long before crypto fund managers start having their own bedtime terrors?