Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin

96 Cryptocurrency Hedge Funds Have Been Launched Since The Beginning Of The Year

Despite the recession and legal uncertainty, 96 new cryptocurrency hedge funds have appeared during the first seven months of this year.

According to Crypto Fund Research, if the trend goes on, this number will have reached 165 by the end of the year and, thus, will exceed the last year’s figure (157).
Currently, there are 466 cryptocurrency funds in the world:
— 55% – hedge funds
— 42% – venture capital funds
— 3% – private equity funds.
Crypto Fund Research notes that the total amount of assets of crypto funds is $7.1 billion. This is a very small amount compared to the “top” companies of the traditional financial market. For example, the fourth largest in the US hedge fund JPMorgan Asset Management manages assets worth $ 47.4 billion.
According to researchers, small amounts of investment suggest that institutional investors continue to shun cryptocurrencies mainly due to legal uncertainty and lack of high-end and regulatory-approved custodial solutions for digital assets.
The undisputed leader in the number of working hedge funds are the United States:
Among the leading cities are San Francisco (9 foundations), followed by New York (6), Singapore (5) and London (4).