Golden Tree Adds Bitcoin to its Balance Sheet

Golden Tree Asset Management Adds Bitcoin to its Balance Sheet

Golden Tree Asset Management – a 41-billion-dollar hedge fund – has just announced that it has added Bitcoin to its balance sheet. Golden Tree Asset Management has typically implemented more debit-based and conservative strategies. The hedge fund has decided to diversify their portfolio to include Bitcoin, because of the cryptocurrency’s amazing performance in the past, as well as it’s prospective future price action.

Golden Tree Asset Management is currently considering hiring a team which includes cryptocurrency operational experts, as well as cryptocurrency investment experts, to their already distinguished hedge fund. Although Golden Tree Asset Management is only purchasing Bitcoin at this time, it has been speculated that Golden tree may be interested in investing in other cryptocurrencies in the future.

Golden Tree Asset Management was founded in 2000 by Steven Tananbaum. Currently Golden Tree Asset Management has over 250 employees and is ranked in Bloomberg’s top-performing 100 hedge funds. Golden Tree is considered a global credit manager, which specializes in high yield bonds, leveraged loans, structured products, and emerging market debt. Golden Tree Asset management offers a wide variety of alternative and fixed income strategies.

Seeing Asset Management Companies such as Golden tree adopting cryptocurrency is a good indication that we will see more cryptocurrency adoption amongst Wall Street firms in the near future. As Bitcoin continues to gain momentum, we will see adoption of cryptocurrency in many fields. The gap between traditional markets and cryptocurrency continue to grow smaller every day!

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