Falcon Global Capital Closes Bitcoin Fund Due to Slow Demand
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Falcon Global Capital closed its bitcoin fund because of slow demand, said co-founder Brett Stapper.
The fund, which began in February, had attracted about 25 clients, who contributed from $25,000 to $10 million each to invest in the virtual currency, Stapper said in an interview. While many more called to inquire about bitcoin, they didn’t invest, in part because bitcoin’s price slipped more than 50 percent this year, according to CoinDesk Bitcoin Price Index.