PwC Report: Half of hedge funds are now investing in crypto

PwC, the accounting, financial advisory and tax consultancy, and Elwood Asset Management have published their third annual report that examines the global crypto hedge fund landscape. The report is based on data from research in the first quarter of 2021 on crypto hedge funds. The report was also created in partnership with the Alternative Investment Management Association (AIMA) and provides insights into how traditional hedge funds are looking at cryptocurrency.

Former Treasury Secretary Lawrence Summers: Bitcoin may become fundamental to commerce on Internet

Lawrence Summers, the former US Treasury Secretary and the former Chief Economist of the World Bank recently appeared on Bloomberg where he said that cryptocurrencies are here to stay and Bitcoin may become “fundamental to commerce on the Internet.” Summers said that just like Gold Bitcoin could become a choice as an inflation hedge and become digital gold.

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