Bitcoin breaches $8,000 as third reward halving nears

Bitcoinhas breached $8,700 today, up 35% month-to-date, and 21% to date in 2020. The upcoming reward halving in May is roughly 13 days away. Many alternative assets performed even better than Bitcoin; Ethereum is up 66% YTD, while Tezos, early investment of ours, is up 115% year to date.Q1 2020 hedge fund letters, conferences and moreThe Correlation Of Reward Halvings And Bitcoin PriceHistorically, reward halvingshave resulted in significant price appreciation since they reduce Bitcoin’s supply which pushes the price higher. The market sentiment is also positive leading up to the event. That, …

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HEDGE accordingly