Crypto Hedge Funds Anticipate A Prosperous 2024: ‘Looking Like There’s Going To Be Another Token Mania Coming’
Published by
Benzinga
Benzinga
Crypto hedge funds are witnessing a comeback after surviving the tumultuous conditions in 2022. With Bitcoin’s continual strong performance and a newfound interest in tokens, many are predicting a promising 2024. What Happened: Bloomberg reported on Wednesday that crypto hedge funds that endured the challenging landscape of 2022 are not just recovering, but flourishing. Pantera Capital, one of the oldest and largest crypto hedge funds, saw its liquid-token fund surge nearly 80% this year, rebounding after an 80% slump in 2022. Chainview Capital, operated by Dan Slavin, has doubled after an 18%…