Hedge Fund News From HedgeCo.Net

Hedge-Fund Manager Paul Singer ‘Shocked’ by Bitcoin Popularity

WSJ – One of the bigger names in hedge funds has come out against Bitcoin–and in favor of beaten-down gold.

Paul Singer, founder of $23.3 billion Elliott Management Corp., told investors he was “shocked” by the virtual currency Bitcoin’s popularity and skeptical of its long-term prospects, according to a quarterly letter sent this week.

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