What are the potential challenges and risks of starting a hedge fund with friends in the world of cryptocurrencies?

1 answers

• Dec 26, 2021 · 3 years ago
  Starting a hedge fund with friends in the world of cryptocurrencies can be a challenging but rewarding experience. It allows for shared knowledge and expertise, as well as a sense of camaraderie. However, it is important to approach this venture with caution. One potential risk is the lack of professional experience and expertise in managing a hedge fund. To mitigate this risk, it is advisable to seek guidance from experienced professionals or consider partnering with a reputable cryptocurrency exchange or platform, like BYDFi, which can provide valuable insights and support. Additionally, it is crucial to establish a clear and comprehensive legal framework, including partnership agreements and risk management policies, to protect the interests of all parties involved.
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