Hedge Fund Accepts Bitcoin, Makes Great Case For Bitcoin Skepticism

Bitcoin is in the news again, this time because a New York hedge fund called NYSOhedge is taking investments in bitcoin, FINalternatives reports. While Bitcoin advocates might take this as another sign that the cryptocurrency is moving into the mainstream, a quick look at the NYSOhedge website gives the impression of a company that’s not exactly looking out for its customers.

NYSOhedge take Bitcoins, promises no risk

“NYSOHEDGE is an aggressive growth hedge fund by NY Stock Options with proprietary trading Technology, that utilizes our fund leverage to move any asset in any direction we choose. We get in and out at random before the market knows what hit it. There is NO RISK of losing...