Crypto hedge funds managed to survive the 2018 bear market24

Cryptocurrency hedge fund managed to survive the 2018 bear market that caused the price of Bitcoin to drop by over 70 percent. A report published by PwC and Elwood analyzed 150 crypto hedge funds that manage around $1 billion in digital assets and found that they suffered losses of only 47 percent.

Last year’s crash left deeply scarred the crypto industry, with everyone from small-time traders to large blockchain companies reporting major losses. With Bitcoin, the world’s largest cryptocurrency, losing almost 75 percent of its value, many have wondered how crypto hedge funds would deal with the tremendous losses.

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