Adaptive Capital was a multi-strategy cryptocurrency hedge fund with a deep focus on on-chain analytics. The hedge fund predicted that crypto-assets would become a major macro asset class and on-chain analysis of capital flows and network health would enhance crypto-asset portfolio management significantly. Adaptive Capital had previously reported gains over 552.77% from October 3, 2018, through May 3, 2019. The fund shut down in March 2020 following the BTC crash.
During the 2017 bull run, Murad Mahmudov founded Adaptive Capital, a small investment group.
After the bull came to an end, Adaptive Capital closed down in March 2020 due to the COVID crash.
They informed investors of significant losses from Bitcoin’s sharp drop, leading to the firm’s closure.
The downfall of the firm can be linked to their misguided BTC maximalist stance and ignoring analytics, which illustrates how BTC could not scale.