Lancaster University Management School - Accounting and Finance

The cryptocurrency market is worth trillions. Investors have been drawn to digital assets for the last decade by the promise of big returns. Yet the market is volatile, has already experienced one major crash in its short lifespan, and investors can just as easily lose their funds as increase them. With that in mind, Dr Mykola Babiak investigates whether crypto fund managers are worth the money to ensure positive returns – and if they rely more on luck than skill when it comes to turning a profit for investors. FIFTY FOUR DEGREES | 9

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