Cliff Asness, the billionaire co-founder of hedge fund AQR, said on social media that his hedge fund trades "a small amount" of Bitcoin in "purely alternative trend-following products." He said: "The 'halving' story is so good that I checked it. During the halving period, the return rate of Bitcoin was high, but not abnormally high."
Asness believes that many reports do not delve deeply enough into the data, and the hypothesis that halving will lead to higher returns is rarely tested.
It is reported that Asness co-founded AQR Capital in 1998, which has grown into one of the world's largest hedge funds with $120 billion in assets under management. (DL News)