Pythagoras Crypto Fund Achieves 204% Return, Outpacing Bitcoin in 2024
Pythagoras Investment Management’s Alpha Long Biased Strategy returned 204% in 2024, outperforming Bitcoin’s 121% rise. The strategy incorporates a BTC base position along with two algorithmic trading methods, enhancing its profitability. Pythagoras expects a sustained bullish trend due to favorable regulatory changes and heightened corporate interest in Bitcoin.
In 2024, Pythagoras Investment Management’s Alpha Long Biased Strategy achieved a remarkable return of 204%, significantly surpassing Bitcoin’s 121% increase during the same period. This investment strategy combines a foundational position in Bitcoin with two uncorrelated methods, offering a robust alternative to traditional buy-and-hold approaches. Pythagoras anticipates the continuation of this bullish trend into 2025, driven by favorable regulatory changes in the United States and an increasing demand for Bitcoin from corporations and sovereign entities. The fund utilizes a dynamic approach, incorporating machine learning and AI-driven market selection to optimize returns, even as it faced a minor drawdown at the end of the year.
Despite being Pythagoras’ smallest fund with $7 million in assets under management (AUM), the Alpha Long Biased Strategy showcased its capacity for substantial gains, realizing a return three times greater than that of a typical BTC investor. While December saw a modest 2% drawdown as Bitcoin prices fluctuated, the overall successful year for the fund contributed to Pythagoras’s total AUM growth from $80 million to over $230 million across its various strategies. Investors remain optimistic about Bitcoin’s prospects, particularly in light of prospective policy advancements and the potential for competitive accumulation by other nations.
Pythagoras Investment Management operates various investment strategies, focusing significantly on cryptocurrency investments, particularly Bitcoin. The Alpha Long Biased Strategy aims to harness the potential for higher returns by marrying traditional long positions in Bitcoin with innovative trading strategies that leverage market dynamics. By utilizing advanced technologies like machine learning, this fund seeks to capitalize on both long-term appreciation and short-term market imbalances. As Bitcoin continues to attract interest from both private and institutional investors, the landscape for such investment strategies remains promising, particularly amidst evolving legislative environments.
In summary, Pythagoras Investment Management’s Alpha Long Biased Strategy has outperformed traditional Bitcoin investments by generating a remarkable 204% return in 2024. Utilizing a combination of Bitcoin exposure and uncorrelated trading strategies, the fund is well-positioned to navigate anticipated market trends. The outlook remains bullish as regulatory support and demand from diverse investors bolster the cryptocurrency’s potential for continued growth in the coming year.
Original Source: www.coindesk.com
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