Harvard Students Set up the Plympton Capital Cryptocurrency Hedge Fund

Cryptocurrency hedge funds have become a lot more popular in the past few months. Dozens of firms have set up ways to expose investors to the volatility of the cryptocurrency industry. It now seems Harvard University students have gotten into the game, as four of them have set up the Plympton Capital initiative.

The Cryptocurrency Craze Continues

For the average consumer, there are many ways to invest in Bitcoin and other cryptocurrencies. Buying said currencies directly is not even a requirement these days, although owning cryptocurrency directly is always preferable over dealing with custodians of funds.  

For those who aren’t looking to buy Bitcoin directly, a hedge fund represents an interesting alternative. It allows for cryptocurrency exposure without having to directly purchase Bitcoin or any other currency. We have seen an influx of new cryptocurrency hedge funds over the past few years, and it seems that trend will not be slowing down anytime soon.

It seems college students are also paying a lot more attention to cryptocurrency. So much, in fact, that four Harvard students have set up their own cryptocurrency hedge fund known as Plympton Capital. As one would expect, this fund is mainly designed to let people invest in digital currencies and benefit from any wild price movements said currencies may experience in the coming years.

For the time being, the fund has not launched in an official capacity, but that situation will change in the next few weeks. Plympton Capital already has $700,000 in financial backing from friends and family, which is a more than respectable amount. The degree of trust people have in Plympton Capital is pretty significant.

It will be quite interesting to see how this new venture plays out. While the team may not have all of the knowledge needed to make a major impact, they are highly aware of what makes cryptocurrencies tick. Even so, there will be a learning curve even for the Plympton Capital team. A breath of fresh air in the cryptocurrency hedge fund industry can only be considered a good thing.

All of this further confirms the global interest in cryptocurrency is not slowing down by any means. While there is a lot of positive attention on this industry as of right now, things could still turn around at any given moment. For now, this is a pretty positive development for the industry as a whole, and we will probably see even more cryptocurrency hedge funds pop up in the years to come.