- Lawyer John Lore advises hedge funds and has seen a spike in specialist crypto funds asking for help.
- He said the background of his crypto clients is much more diverse than traditional fund managers. Some people approaching him about setting up funds are amateur traders who made it big.
- One would-be fund manager was so embarrassed by his new found wealth he apologised for turning $600,000 into $8 million.
LONDON — Cryptocurrency traders have become well-known for conspicuous displays of wealth.
Rows of Lamborghinis were parked outside the recent Consensus conference in New York and some attendees blew off steam at after parties in exclusive clubs with champagne, vodka, and even drugs.
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See Also:
- Universities are starting to invest in crypto, according to an industry lawyer
- A top crypto hedge fund lawyer explains the 4 main trading strategies that funds use to make money
- Crypto company Ripple is giving $50 million to universities including Princeton, MIT, and UCL for blockchain research
SEE ALSO: A top crypto hedge fund lawyer explains the 4 main trading strategies that funds use to make money
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