Ex Bridgewater Analysts: Bitcoin Bubble Will Burst, But Crypto-Mania Is A Sign Of Far More Dangerous Market Trend

HFA Padded
Mark Melin
Published on
Updated on

Markets go up, and markets go down – sometimes in a dramatic fashion that can fool investors. Wednesday’s price action in the Bitcoin was quite cryptic. After starting the day just below $10,000, the cryptocurrency rocketed higher early in the US trading secession, topping out near $11,325 before giving back nearly more than a 10% daily gain to go negative, bottoming out near $9,285 before closing just above the flat line on the day. That’s one wild ride. To hedge fund managers Robert Wu and Howard Wang, however, the rise of the cryptocurrency is a sign of something more troubling….

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Comments are closed.