Hedge Funds Investing in Crypto Fell in 2023; Long-Term Outlook Remains Robust: PwC

“Despite market volatility, a fall in digital asset prices and the collapse of a number of crypto businesses, investment in crypto-assets is expected to remain strong in 2023,” Jon Garvey, PwC United States’ global financial services leader, said. “Traditional hedge funds, committed to the market in the longer term, are not only increasing their crypto-assets under management, but also maintaining – if not increasing – the amount of capital deployed in the ecosystem.”

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