Despite the speculative risks around cryptocurrencies, the latter are increasingly important in the world of finance. A report published by Morgan Stanley continues this trend, telling us that $ 2 billion have been invested this year in investmentfunds related to cryptocurrencies.
This year, Bitcoin and cryptocurrencies in general are in full swing. The biggest investors in the wholeworldknow it very well. This explains why some of them decide to invest in digital currencies, and a recent report prepared by Morgan Stanley Bank for their clients seems to confirm this trend.
Titled “Bitcoin Decoded” (“Decoded Bitcoin”), the document states that 84 investmentfunds have focused on several projects related to bitcoin and cryptocurrencies. This study is the result of a duo formed by Morgan Stanley and Autonomous NEXT (a consulting firm). Calculate the total investment of these funds at $ 2 billion.
Among those who decided to bet on cryptocurrencies this year, there is especially Miller Value Partners which, according to Coindesk, is one of the main investors in Bitcoin. Bill Miller, the head of this hugefund with more than $ 2 billion in assets, admitted in a podcast that one of its companies has invested 50% or more in Bitcoin.
In the United Kingdom, some investmentfunds have also shown interest in bitcoin. This is, for example, the case of Man Group, a fund that manages a total of 95 billion dollars. The titanic British fund recently announced its intention to add cryptocurrencies to its portfolio.
France is also well represented in this list of funds related to digitalcurrencies in 2017. To mention just a few, the report mentions Eiffel Investment Group, Otium Capital and Tobam. The latter has also marked the world of cryptocurrency last November, by launching the first Bitcoin mutual fund in Europe.
FOLLOW ME AND I FOLLOW YOU <3