Should You Follow These 2 Billionaire Hedge Fund Managers and Buy Bitcoin?
Although Bitcoin (CRYPTO: BTC) is only up 11% for the year, it has regained some of its early-year momentum and is close to regaining its all-time high of $109,000 from January. Even the biggest crypto skeptics have to acknowledge that Bitcoin -- up almost 25% during the past 30 days -- is proving remarkably resilient in the face of continued macroeconomic uncertainty.So it's, perhaps, no surprise that some of the biggest hedge fund managers in the world are also turning their attention to Bitcoin. Based on recent Securities and Exchange Commission (SEC) Form 13F quarterly filings, it appears that two billionaire hedge fund managers -- Steven Cohen of 72Point Asset Management and Ken Griffin of Citadel Advisors -- are now loading up on Bitcoin. So should you be doing the same?Image source: Getty Images.Continue reading
Although Bitcoin (CRYPTO: BTC) is only up 11% for the year, it has regained some of its early-year momentum and is close to regaining its all-time high of $109,000 from January. Even the biggest crypto skeptics have to acknowledge that Bitcoin -- up almost 25% during the past 30 days -- is proving remarkably resilient in the face of continued macroeconomic uncertainty.
So it's, perhaps, no surprise that some of the biggest hedge fund managers in the world are also turning their attention to Bitcoin. Based on recent Securities and Exchange Commission (SEC) Form 13F quarterly filings, it appears that two billionaire hedge fund managers -- Steven Cohen of 72Point Asset Management and Ken Griffin of Citadel Advisors -- are now loading up on Bitcoin. So should you be doing the same?
Image source: Getty Images.
