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Hedge funds gain substantial profits as Bitcoin surpasses 100,000 USD after Trump’s victory

In November, crypto hedge funds recorded a 46% growth, leading to an impressive annual increase of 76%. This contrasts sharply with only a 10% growth for the overall hedge fund sector.

Leading hedge funds like Brevan Howard and Galaxy Digital have realized substantial profits following the surge in Bitcoin prices after the elections. Bitcoin’s price has soared by 130% this year, boosting the total market capitalization of cryptocurrencies from 1.8 trillion USD to 3.5 trillion USD.

Despite strong performances, recent announcements from the Federal Reserve regarding fewer interest rate hikes may negatively affect HIGH-risk assets. Investors expect a more supportive environment for cryptocurrencies under Trump’s administration compared to Biden’s cautious stance.

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