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RE: Are hedge funds good for crypto space? While they can bring in hundreds of billions they also may pump and dump
I agree with this possibly being something horrible for certain people. Especially those who decide to HODL. The only ones that profit will be those who have been HODLing from the beginning and ride the wave past the peak.
It could however lead to certain ICOs that are legitimate and useful to have tons of extra income. If the hedge funds see benefits to the ICO, they may keep the investment to see if it grows further. It is basically an asset to them right?