were not these hedge fund managers supposed to be experts? so if they are having bad results because some of them are making high absurd predictions? I begin to think that the experts are making absurd predictions because they want people to buy for the price increases and the experts will save their own reputation and hedge fund
there's a saying that's pertinent here: "in a bull market, everybody's a genius". in 2017, you could have held virtually any cryptocurrency and made good returns. a lot of these fund managers got caught up in the hype just like retail investors. even experienced managers like mike novogratz posted huge losses this year. when it came to the crypto bubble, the only real difference between them and us retailers is how much more capital they put on the table.
it's good to see them getting shaken outta the market. this is a necessary part of the market cycle.