talalbaig4
New Member
Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, is planning to back a cryptocurrency fund for the first time, CoinDesk reported, citing two sources close to the matter.
The move from the worlds largest hedge fund, currently with $150 billion in assets under management (AUM), could signal that institutional investors are finally starting to take cryptocurrencies seriously.
Bridgewater has been known for making contrarian bets that pay off, so this could be a sign that 2022 could be the year for cryptocurrency regulation, and with it broad legitimization.
The last few years have been big for cryptocurrency with prices soaring and crashing in what seems like a daily cycle. But we‘ve also seen Bitcoin (BTC) and Ethereum (ETH) soar to new heights, and a host of other coins emerge as major players in the market. But there’s one thing thats been missing from this digital revolution: legitimacy.
The move from the worlds largest hedge fund, currently with $150 billion in assets under management (AUM), could signal that institutional investors are finally starting to take cryptocurrencies seriously.
Bridgewater has been known for making contrarian bets that pay off, so this could be a sign that 2022 could be the year for cryptocurrency regulation, and with it broad legitimization.
The last few years have been big for cryptocurrency with prices soaring and crashing in what seems like a daily cycle. But we‘ve also seen Bitcoin (BTC) and Ethereum (ETH) soar to new heights, and a host of other coins emerge as major players in the market. But there’s one thing thats been missing from this digital revolution: legitimacy.
Last edited by a moderator:
