Numbers this week from Eurekahedge, a data provider, caught our eye for the sheer bonkersness of attempts to invest in the funny-money world. Rollercoaster fails to do justice to the ride:
The Eurekahedge Crypto-Currency Hedge Fund Index rebounded to positive territory in April with gains of 83.86 per cent, while its 2018 year-to-date figure is still in the red, down 1.22 per cent. In contrast, bitcoin has lost over 33 per cent over the same year-to-date period.
Lest we give the impression of a burgeoning fund class, Eurekahedge inform us there are seven constituents to the index.
That is a fraction of the 167 crypto funds that were lauched last year, according to Autonomous Research. Indeed, nine funds shut up shop in April alone, Bloomberg reported at the time.
Still, here is the index performance in full:
Predictions are also dangerous, but here's one: we won't see a 17-fold full-year investment gain again. Good luck to all hodlers.