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The survey of 119 hedge fund managers and CTAs was conducted between September 11 and September 29, 2017. Managers were asked if they currently invest in or plan to invest in cryptocurrencies. Sixty-eight percent answered "No," while 24% responded that they either currently invest or plan to invest within the next six months. A further 8% replied, "We're studying the situation."

"This survey allows us to distinguish between public perceptions and professional opinions of cryptocurrencies," says Sol Waksman, founder and president of BarclayHedge. "Although there is a great deal of media attention on this area, they are still far from achieving broad acceptance as a medium of exchange or a storehouse of value."

In the survey, hedge fund managers were also requested to select one of the three statements below which best reflected their point of view on cryptocurrencies, "In our opinion, cryptocurrencies…"

• Are an exciting investment opportunity - 26%
• Are a classic investment bubble - 37%
• May be important but won't have as big an impact as the hype suggests - 37%

The survey is conducted monthly, with comprehensive results available at the Source link below.

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