Skip to content
Subscriber Only
Wealth
Crypto

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
Video player cover image
“For people who are true believers in crypto, they’ll look at the latest rout as just another blip.”Cryptocurrencies are reeling after negative sentiment from Elon Musk and China. Eric Lam explains what Bitcoin’s volatility meanshttps://bloom.bg/3v3I0Ih (Source: Quicktake)
From

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.