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Bitcoin god assists Wall Streets storied hedge fund performanc

Date:2024-04-07 19:00:53 Channel:Build Read:
In this era of booming digital currencies, Bitcoin shines like a bright star in the night sky of the financial market. The latest news has caused huge waves. According to rumors, the performance of Wall Street’s legendary hedge fund surged an astonishing 46% in the first half of the year! This news was like a bomb that shocked the entire financial world. Let us uncover the story behind this legend and see how Bitcoin helped the performance of these legendary funds soar.
The name of Wall Street's legendary hedge fund is enough to make people's hearts flutter. The investment strategies of these funds are always full of variables and surprises, and this time, they chose to bet on Bitcoin. Over the past few months, the price of Bitcoin has soared, reaching all-time highs. This good news has undoubtedly given those hedge funds that dare to take risks a shot in the arm, allowing them to shine in the market.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As a virtual currency, the technology behind Bitcoin supports the entire cryptocurrency market. The emergence of blockchain technology has made transactions more secure and transparent, and also provided investors with more choices. And this kind of technological innovation not only affects the financial field, but also continues to penetrate into various industries. It is precisely based on their confidence in Bitcoin technology that these hedge funds choose to invest in this area.
In the competition in financial markets, the acquisition and analysis of information are crucial. As a global digital currency, Bitcoin's price fluctuations are affected by many factors, which requires a keen insight into market changes. This is also the strength of these hedge funds. They are good at capturing the pulse of the market and seizing the opportunity to obtain huge returns. It is based on this keen market insight that these funds can stand out in Bitcoin investments.
In addition to market insight, risk control is also key to hedge fund success. As a highly volatile asset, Bitcoin has large price fluctuations and relatively high risks. However, this has not stopped these legendary funds. On the contrary, through diversified investment portfolios, flexible capital allocation, and strict risk control measures, they successfully avoided market risks and achieved soaring performance.
In this era of digital currencies, the rise of Bitcoin has undoubtedly brought a revolution to the traditional financial market. As a leader in the financial market, hedge funds choose to bet on Bitcoin, which is also a sign of following the trend and keeping up with the trend of the times. They dare to take risks and are good at innovation. It is this spirit that makes them stand out in the fierce market competition. With the help of Bitcoin, the performance of these legendary funds surged 46% in the first half of the year, becoming a highlight of the financial market.

According to Bloomberg, billionaire investor and founder of hedge fund Miller Value Partners Bill Miller
Miller's fund launched three years ago has soared 46% in the first half of 2019; based on past successful investment methods: picking well below its intrinsic value (intrinsic
value) securities, Miller’s fund performance remains outstanding.

Intrinsic value: Value defined using established facts such as assets, earnings, dividends, etc.; value investors will use various analytical techniques to consider all relevant factors to estimate the intrinsic value of a security, hoping to find out how the price is affected by the market. Securities that are significantly undervalued.

According to reports, Bill Miller has long been a supporter of cryptocurrency. Bitcoin climbed to an 18-month high in June this year, soaring over 130,000 US dollars; Avon (Avon) in May
After agreeing to be acquired by competitor, Brazilian beauty giant Natura Cosmeticos SA in March, it also returned more than 155% at the end of June.

Miller also allocates stocks in companies such as Amazon.com Inc. and security systems company ADT Inc. in the fund. Miller said "the current environment looks good for the stock market."

The Wall Street Journal reported that one-third of Miller’s fund’s positions were held in Bitcoin in October 2017, when the highest price of Bitcoin that month was about $6,100.

By December 2017, he even stated in a podcast that "half" of his MVP1 fund was invested in Bitcoin, and at that time Bitcoin was close to a record high of $20,000. Miller said meaningfully: "I am quite Being confident that it won't cost another 50% of the money doesn't mean we have to sell it; we're looking at what to do with it without selling those Bitcoins."

Miller has said that he is a Bitcoin observer:

"Bubbles are necessary to bring capital into the market to determine whether these innovations can actually be realized."

He currently refuses to comment on the fund's performance or specific investments, so it's not yet known what percentage of the fund's allocation to Bitcoin will be in the fund, which has $126 million in assets; Miller oversees a total of $2.3 billion at his Baltimore-based firm. .

It is safest to take the well-trodden road that everyone chooses, but you often encounter traffic jams.

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