Bitcoin Hedge Fund Posts Staggering Return

Bitcoin hedge fund is the best-performing hedge fund year to date with a return of 4847% on the back of some 6000% growth in Bitcoin’s value against the dollar this year.

According to Hedgeweek, the hedge fund’s assets under management currently total over $35 million.

Growing popularity of Bitcoin

The Bitcoin has emerged from relative obscurity over the last couple of year, and is garnering a great deal of public attention as a new, transnational virtual currency. Bitcoins emerged as an alternative digital currency in 2008,...