Volatility in cryptocurrency prices forced some hedge funds to close their doors after the March sell-off; those that survived saw the sector bounce back, in particular bitcoin which is now up 36 percent for the year; cryptocurrencies have always been volatile and have offered investors a chance at big returns, along with big risk; unlike some of the other markets the government will not be stepping in to act as a backstop for cryptocurrencies; the March sell-off was a surprise to many in the market and caused over leveraged funds to collapse; “The speed and depth of the bitcoin sell-off wasn’t what we were expecting,” said Dan Morehead, Founder of California-based Pantera Capital, to the FT. “Some futures exchanges offer almost insane amounts of leverage,” Mr Morehead said. “Bitcoin is such high-octane stuff that putting on any leverage is unnecessary.”; with interest rates near zero for the foreseeable future the market does become appealing for investors willing to take the risk; “Cryptocurrencies, particularly bitcoin, are an attractive portfolio hedge against currency debasement and inflation,” billionaire investor Mike Novogratz, Founder of Galaxy Digital, told the FT. Financial Times
With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences.
Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.