Elliott Management: Cryptocurrencies Are a Brilliant Scam

The vastly different opinions on Bitcoin and other cryptocurrencies often lead to some interesting discussions. Most financial experts do not take kindly to this new form of money, though. Elliott Management, a well-known multi-billion dollar hedge fund, claims cryptocurrencies are a “brilliant scam”. Elliott Management Doesn’t Approve of Cryptocurrencies There has been a rather interesting shift taking place in the financial sector over the past few months. A growing number of cryptocurrency-related hedge funds have been popping up all over the world. With these investment opportunities, anyone can be exposed to cryptocurrency’s price volatility without having to buy Bitcoin or altcoins directly.