14 Nov '17, 11pm

Massive Hedge Fund CEO "Ready To Add Bitcoin To Investment Universe"

Massive Hedge Fund CEO "Ready To Add Bitcoin To Investment Universe"

Just yesterday we noted that billionaire hedge fund legend Mike Novogratz said "the institutionalization of [the crypto space] is coming... and it's coming quick." Novogratz said he expects major financial firms will soon start to offer bitcoin or similar products as an investment option, one that could be easily purchased over the phone. “When it’s that easy, the price of bitcoin or ethereum is going to go much higher. And that is a lot closer than people think,” How right he was as the CEO of massive hedge fund Man Group just confirmed they will "add bitcoin to its investment universe" once CME launches Bitcoin futures. As BI reports, one of the largest hedge funds in the world might hop on the bitcoin trade. Luke Ellis, the CEO of Man Group, the UK-based investor with $95 billion in funds under management, said the firm would include bitcoin in its "investment universe"...

Full article: http://www.zerohedge.com/news/2017-11-14/massive-hedge-fu...

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Man Group is ready to add bitcoin to its 'investment universe'

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