Cryptocurrency

CRYPTOCURRENCY

Man Group sees bitcoin volatility as part of the asset’s “price discovery” process

Man Group sees bitcoin volatility as part of the asset’s “price discovery” process

As more hedge fund firms pile into the digital asset and cryptocurrency space, analysts at the London-listed hedge fund giant Man Group say bitcoin’s recent volatility could be seen as “price discovery” in a new asset class, which will ultimately give way to greater stability in the currency, and more credibility among investors.