After reaching new heights of $58,300 last week, Bitcoin’s upward trajectory faltered over the weekend, dropping as low as $45,000. ETH acted in similar fashion, dropping as low as $1,546.53, leading to concerns about an asset dump. Some are citing Elon Musk’s tweets about bitcoin as the reason for the price decrease, yet minor price fluctuations are considered a common occurrence for experts within the industry.
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Q4 2020 hedge fund letters, conferences and more
Below is a commentary from Philippe Bekhazi, CEO and Co-founder of Stablehouse, on this recent news, highlighting the strong state of the crypto market beyond the sensationalised influence of one person. Overall, the pullbacks in crypto price are a sign of good health and shouldn’t cause worry amongst serious investors. Philippe also addresses the concerns of the US Treasury.
Alkeon on why this is one of the best eras for stock picking ever [Q4 Letter]
Alkeon Growth Partners was up 11.42% net for the fourth quarter, bringing its full-year return to 54.4% for 2020. The MSCI AC World returned 14.35% for the fourth quarter and 14.34% for the full year. Q4 2020 hedge fund letters, conferences and more The best environment for stock picking In their fourth-quarter letter to
