Crypto Markets Deserve ‘B+ Grade’ for 2018, Says Investment Exec

[MOProgress]

Despite a massive sell-off this year, a former AQR Capital Management executive gave crypto markets’ 2018 performance a “B+ grade” in an op-ed for Bloomberg, Dec. 20.
Aaron Brown — AQR’s former Chief Risk Manager and an author on risk management and gambling-related topics — pointed out Bitcoin’s (BTC) 80 percent fall from its $20,000 one year ago mirrored peaks and falls in previous years, namely in 2011 and 2013.
Brown outlined the fact that Bitcoin’s decline this year has actually been relatively milder than the rapid drop its saw after its peak in 2011. The 2018 sell-off has, however, still been sharper than the one in 2013, the author noted.

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