Billionaire Stephen Cohen has invested in a hedge fund specializing in cryptocurrency and blockchain startups, which speaks volumes about his confidence in the long-term success of this business..
The funds were invested through his own company, Cohen Private Ventures, in the Autonomous Partners hedge fund.
The fund’s management claims that they are interested in investing in virtual currencies, which are universal money, and in projects of a new generation of the financial system. Autonomous Partners are known to have previously invested in Bitcoin and Ethereum.
Steven Cohen Said to Make Hedge Fund Investment Into Cryptocurrency
Representatives of the companies have not yet commented on the deal. Recently, the hedge fund manager revealed that the fund manages funds from the CEO of cryptocurrency exchange Coinbase, the founder of Craft Ventures. Cohen Private Ventures specializes in long-term investments. This is an indicator that the billionaire is confident in the long-term success of virtual currencies and blockchain..
It is worth noting that the agreement was concluded during the period of a significant drop in the rate from last year’s maximum. Despite the downtrend in the crypto market this year, hedge fund managers and other investors continue to actively enter the cryptocurrency..
Recall that hackers are increasingly interested in crypto investors.
text: Ivan Malichenko, photo: Bloomberg