Polychain, which is widely considered the largest crypto hedge fund, has announced it is getting into traditional equity. Firm founder Olaf Carlson-Wee notes that he is "skeptical" of startups that create non-native tokens for financing purposes.
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Polychain Capital raises $175m venture capital fund
On the recent pricing collapse of Bitcoin and other cryptocurrencies: "This asset class has always been incredibly volatile. It's grown in bits and starts, with very rapid increases and then bear markets... When I launched Polychain Capital I was prepared for this."
