Solidot | Hedge funds are considering entering the bitcoin market


as Bitcoin rose to 20,000 dollars (recently falling to 1.6 million ) and the launch of Bitcoin futures trading , big hedge funds are considering entering the bitcoin market. These funds value profit opportunities, whether by buying Bitcoin or other encrypted currencies, or by shorting these encrypted currencies. Bitcoin trading has been volatile, hedge funds may have contributed to the shock . Some large companies and prominent investors have entered the bitcoin market. Deepwater Kinetics LLC, which manages more than 6 billion dollars of hedge funds, mutual funds and other products, has said it has recently bought bitcoin and other encrypted currencies, saying it is concerned about value and risks aversion. Stock and bond valuations are already high, the company argues, and the price of Bitcoin still has a huge upside.