PANews reported on December 21 that according to the Financial Times, Trump's victory has driven a strong rebound in Bitcoin, allowing some cryptocurrency hedge funds to "make a fortune." According to data disclosed by data provider Hedge Fund Research, funds using encryption strategies rose 46% in November, with an annual return rate of 76%. The returns of these fund companies far exceeded the industry average (10% in November).
Among them, Brevan Howard Asset Management and Galaxy Digital, a cryptocurrency investment management company founded by billionaire Mike Novogratz, are the biggest winners in the recent crypto boom. Brevan Howard's crypto fund, which has $35 billion in assets, has risen 51% so far in 2024; Galaxy has risen 90%, with assets more than doubling to $4.8 billion. However, Brevan Howard Asset Management and Galaxy have declined to comment on the performance of their crypto funds.
