Cryptocurrency

CRYPTOCURRENCY

“Digital gold”: As bitcoin soars to record highs, hedge funds are capitalising on 2020’s crypto boom

“Digital gold”: As bitcoin soars to record highs, hedge funds are capitalising on 2020’s crypto boom

When bitcoin hit an all-time high of some USD20,000 earlier this month, it rounded off a remarkable year for the world’s leading cryptocurrency – and fully underlined the arrival of the once-niche asset class on a rapidly-growing number of hedge fund firms’ radars.