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Crypto Fund Doubles Down: $21B Bitcoin Gamble Backfires as Q1 Losses Mount
Crypto Fund Doubles Down: $21B Bitcoin Gamble Backfires as Q1 Losses Mount
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Another day, another nine-figure bet on Bitcoin’s comeback—Wall Street’s latest ’hold your bags’ strategy just got heavier. Here’s how the smart money played itself.
Blood in the water: The fund’s brutal Q1 results confirm what retail traders knew in their gut—even whales drown when BTC tides turn. Their solution? Throw another $21 billion at the problem. Classic hedge fund logic: double down on volatility, blame ’macro conditions’ later.
Silver lining? At least someone’s buying the dip. Meanwhile, traditional finance bros clutch their pearls—’But the Sharpe ratio!’—as crypto eats another slice of their lunch.
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