Bitcoin Trades At 40% Discount As ‘Triple Put’ Unfolds: Hedge Fund Founder
Bitcoin is changing hands at prices almost 40% below its modeled “energy value,” yet an unusual confluence of technical, fundamental and policy signals suggests the market may be turning, according to Charles Edwards, founder of the quantitative crypto hedge fund Capriole Investments. In his latest newsletter, Edwards argues that a newly-formed “Triple Put”—simultaneous backstops from the White House, the Federal Reserve and the US Treasury—has altered the risk profile for all risk assets just as on-chain and macro indicators for Bitcoin flip decisively higher. Bitcoin Flips Bullish....
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Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to the hedge fund’s future. Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio Steps Down, Co-CEOs Mark Bertolini and Nir Bar Dea to Take Over Senior Management On Tuesday, October 4, after founding Bridgewater Associates more than 40 years ago, Ray Dalio stepped down as co-CIO.....
…And they’re paid in Bitcoin. Yes, it does sound like a joke, but San Francisco hedge fund startup, Numerai, is attracting an increasing number of big name investors. First, Hedge Funds Need Data. Running a hedge fund requires the processing of vast amounts of data… or one guy, up to his eyeballs on coke, throwing sticky darts at a computer screen, but let’s ignore him. The majority of funds are still managed by humans: analyzing market trends, breaking (and expected) financial news, along with a wealth of other information. This data guides the human manager when making the investment....
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