Bitcoin Hedge Funds’ Just-About-Risk-Free Trade Is Roaring Back

(Bloomberg) — The meteoric pace of the record-breaking rally in Bitcoin is making one of the most popular trades for crypto hedge funds even more lucrative than usual, likely helping to propel the original digital currency even higher to once unfathomable heights.

Bitcoin, which has surged around 25% since a now more crypto friendly Donald Trump won the US presidential election last week, jumped as much as 6.3% to an all-time high of almost $85,000 on Monday.