Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Total Crypto Fund Rises More than 600% to $5.6 billion in 2020 Total investor inflows into cryptocurrency funds and products hit $5.6 billion so far this year, up more than 600% from 2019, according to the latest data from asset manager CoinShares. According to a report cited by Reuter, inflows plus the latest price moves lifted assets under management for the sector to nearly $19 billion in 2020. It recalled that Assets under management ended 2019 at just $2.57 billion. Interest in cryptocurrencies skyrocketed this year as investors saw Bitcoin as a hedge against inflation and as an alternative to…

Read More