Brevan Howard’s BH Digital Asset fund fell 29.5% in 2025, its worst annual performance since launching in 2021, as crypto markets and tech stocks were hit by AI‑driven disruption. Record Losses Follow Historic Gains Brevan Howard’s BH Digital Asset fund endured its worst year since launch, slumping nearly 30% in 2025 as a brutal downturn […]
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Key TakeawaysHougan cites five factors behind an easier crypto bull case in 2026.SEC rulemaking and stablecoin adoption reinforce his broader case.Revenue-linked tokens and debt pressure add economic support....
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