(Coin Desk) Banking giant Morgan Stanley has estimated that hedge funds invested a massive $2 billion in cryptocurrencies this year. According to Business Insider, the figure was released in a note entitled “Bitcoin Decoded” sent by Morgan Stanley to its clients this week. The investment bank further detailed that more than 100 crypto-related hedge funds have sprung up over the past six years, however 84 of the funds launched in 2017.
Morgan Stanley: Hedge Funds Poured $2 Billion into Cryptos in 2017
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