Too Long; Didn't Read
This research paper analyses the performance of a backtested <a href="https://www.blueskycapitalmanagement.com/systematic-crypto/" target="_blank">systematic long/short crypto investment strategy</a> applied to a basket of top 14 cryptocurrencies by traded volume. In particular, it shows the superior performance of this strategy on both risk and returns compared to a passive buy-and-hold investment in <a href="https://hackernoon.com/tagged/bitcoin" target="_blank">Bitcoin</a> or a crypto basket, which in contrary experience big and long drawdowns. It also highlights that it is not advisable invest in crypto basket funds, since their performance is very similar to a passive investment in Bitcoin.