Hedge fund managers buy cryptocurrencies amid low volatility of traditional assets

Bitcoin is dropping like a stone, but wealthy people continue to flock to digital assets. Alan Howard, billionaire and Brewan Howard Asset Management co-founder, has already invested heavily in cryptocurrencies and plans to put money in digital assets and blockchain technologies. His partners are doing the same, though all the above-said investments are personal, as Brevan Howard hedge fund is not engaged in cryptocurrency trading.

Howard is not the lonely figure of the global financial industry, interested n digital assets. Such titans as former macro fund manager Mike Novogratz and billionaire investors Mark Cuban, and Peter Thiel have already expressed their support for cryptos.

Their move towards cryptocurrencies is understandable. The low volatility of the traditional assets reduce their profits and force them to look for something more energetic and promising. Brevan Howard macro hedge fund registered the worst annual financial results last year.