New York’s Leading Investment Manager Enters Cryptocurrency Market

Global cryptocurrency adoption has been on the rise since the start of 2021. Major financial firms and leading banks announced direct and indirect investments in crypto-related products in the last seven months. Neuberger Berman, the New York-based investment management firm, became the latest financial firm to enter the crypto market.

In an official filing with the US Securities and Exchange Commission (SEC), the company mentioned that Neuberger Berman Commodity Strategy Fund’s investment strategy will permit actively managed exposure to cryptocurrency investments and digital assets through cryptocurrency derivatives including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures and Ethereum futures.

The strategy also includes investments in bitcoin trusts and exchange-traded funds to gain indirect exposure to bitcoin. The latest announcement from Neuberger Berman came after the cryptocurrency market cap jumped by nearly $700 billion over the last three weeks.

“The value of the Fund’s investments in cryptocurrency is subject to fluctuations in the value of the digital currencies, which have been and may in the future be highly volatile. The value of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term is normally determined by the supply and demand for cryptocurrency in the global market for the trading of cryptocurrency, which consists primarily of transactions on electronic exchanges,” the company mentioned.

“However, the price of crypto, including bitcoin and ether, could drop precipitously (including to zero) for a variety of reasons, including, but not limited to, regulatory changes, a crisis of confidence, flaw or operational issue in the bitcoin network or a change in user preference to competing cryptocurrencies,” the asset manager added.

Institutional Interest in Cryptocurrency Assets

In December 2020, Ruffer Investment Company, the London-based investment management firm, allocated 2.5% funds to Bitcoin in an effort to reduce the company’s gold exposure. In June 2021, Ruffer made a profit of nearly $1 billion on its Bitcoin holdings. The latest jump in the cryptocurrency market cap has played a major role in the institutional adoption of Bitcoin and other digital currencies. In 2021, Tesla, MicroStrategy, Meitu and Square expanded their crypto holdings significantly.