Bitcoin a "Powerful Tool" for Hedge Funds, Says eToro Senior Market Analyst
Cryptovest
Published Oct 22, 2018 03:07AM ET
Updated Oct 22, 2018 04:21AM ET
Bitcoin a "Powerful Tool" for Hedge Funds, Says eToro Senior Market Analyst
Mati Greenspan, a senior market analyst at eToro, sent Cryptovest an analysis via email in which he described potential shifts in the market for the cryptocurrency world. In it, he said that larger funds and economists are bound to see cryptocurrency as a potential valid financial tool.
“The main advantage that many economists and portfolio managers are now seeing is the use of cryptoassets as a powerful tool for money management,” he said.
Greenspan then pointed us to a graph representing the correlation between the S&P 500 and Bitcoin.
Inside the graph, a zero means no correlation. A score of one, consequentl...
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