After the GameStop (GME) madness, the worst day in history for hedge funds – How Wall Street was robbed by amateurs

After the GameStop (GME) madness, the worst day in history for hedge funds - How Wall Street was robbed by amateurs

Tough on hedge funds – The battle between Reddit and Wall Street over the GameStop (GME) title seems to have scared off hedge funds. According to Goldman Sachs, the managers withdrew their funds from the market at record speed.

Fund managers underperform the market

Fund managers underperform the market

Since the 2008 crisis, Goldman Sachs has been tracking the inflows and outflows of hedge fund positions, which have been subject to increased transparency requirements. According to its data, yesterday, managers withdrew their funds from the market at an unprecedented pace.

Moreover, these same hedge funds underperformed the market by 3.1%, the worst performance since 2008.

The burgeoning financial ecosystem

The burgeoning financial ecosystem

Following the events of 26 January, several market operators suspended leveraged orders on the most volatile securities. But others went further, even a little too far.

For example, the Robinhood application has implemented restrictions preventing its users from buying many titles, including GameStop (GME). In fact, some users claim on Twitter that their shares have been sold without their consent. However, given the exuberance of the last few days, this information remains to be confirmed.

This blatant violation of the free market has provoked strong reactions. The head of FTX has been following the affair closely and the exchange has put perpetual futures contracts online that replicate the price of the shares blocked by Robinhood. Once again, FTX and Alameda Trading are at the forefront of innovation.

Which country uses Bitcoin currency?

Which country uses Bitcoin currency?

Number of Bitcoin dispensers
Hong Kong 62
Greece 55
Italy 53
Russia 50

Is Bitcoin legal?

Unlike currencies issued by central banks, Bitcoin has no legal tender in France. However, no French or European directive prohibits the use of crypto-currencies.

How does Bitcoin work?

A Bitcoin balance is attached to its owner’s public key. When Bitcoins are transmitted from user A to user B, A signs a transaction with his or her private key and distributes it over the network which identifies his or her signature and credits the address of B which can in turn credit the funds received.

Who has the most Bitcoin?

Who has the most Bitcoin?

Satoshi Nakamoto The creator of Bitcoin, who is behind the nickname Satoshi Nakamoto, remains the main holder of Bitcoin. The number of Bitcoins that Nakamoto owns today is estimated at around 1.1 million.

Why has the price of Bitcoin gone up?

For Christopher Dembik, the first explanation is cyclical. With the coronavirus pandemic, "investors sought alternatives to traditional investments such as the stock market, shares and corporate values," which led them to Bitcoin.

How did Bitcoin increase in value?

Bitcoin, a volatile asset As with these other assets, the value of Bitcoin is determined by supply and demand in marketplaces. At any given time, economic players make offers to buy and sell Bitcoin at a price they determine based on their own analysis.

Where to buy Bitcoin?

Where to buy Bitcoin?

1. Choosing a platform to buy Bitcoin

  • Bitcoin Trader : Ideal platform to invest in BTC even for beginners.
  • eToro: Best platform for buying Bitcoin in CFDs.
  • Libertex: Platform that offers MetaTrader 4.
  • Coinbase: A powerful application for trading Bitcoin.

Où acheter Bitcoin tabac ?

City Platform Address
Fontainebleau KeplerK 35 bd du General Leclerc
Fresnes KeplerK Parc de la Cerisaie, 5 allée des Fleurs

How do I buy and sell Bitcoins?

To trade Bitcoin (BTC), simply enter its name in the search bar. Then simply click on it and choose the « Buy » option. To resell, simply click on the « Sell » tab.

How do I buy Bitcoin?

To do this you must register on a site that allows the purchase of Bitcoins with a credit card such as Binance, eToro, Coinhouse or Coinbase. The platform must accept card payments because you will be able to buy BTCs immediately after checking your identity.

After the GameStop (GME) madness, the worst day in history for hedge funds – How Wall Street was robbed by amateurs
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