PwC Finds Bitcoin Price WIll Hit $100,000

PricewaterhouseCoopers (PwC), one of the “big four” accounting firms, has released its “3rd Annual Global Crypto Hedge Fund Report 2021” in conjunction with the Alternative Investment Management Association (AIMA) and Elwood Asset Management.

The report underscored the success that hedge funds holding cryptocurrency saw this year and emphasized that bitcoin is far and away the leading asset in the class.

Overall Success In Cryptocurrency Hedge Funds

The report found that the total assets under management (AUM) of cryptocurrency hedge funds increased to $3.8 billion, up from $2 billion in the previous year. Additionally, the median hedge fund returned 128% on its investment.