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Lumifer comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong Discussion

4 Post author: Ander 13 January 2015 08:02PM

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Comment author: Lumifer 14 January 2015 06:46:22PM 2 points [-]

Hedge funds aren't investing in bitcoin because for the moment they are not really able to, except for a few weird, esoteric, accredited-investor-only funds.

You're confused between hedge funds and mutual funds. Hedge funds have pretty much no legal restrictions on what they can do with their money.

Comment author: [deleted] 15 January 2015 03:49:53AM *  0 points [-]

By not able to I mean literally not able to, as in not possible / convenient. There simply isn't sufficient investing infrastructure or liquidity in place for most hedgies.

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