'Hedge Fund King' and 'Billions' Inspiration Steve Cohen Makes Cryptocurrency Play

Cryptocurrency Starting to Catch Imagination of Wealthy Buyers

Cohen's interest in Autonomous Partners is the most recent case of the developing pattern of affluent financial specialists and venture firms taking up positions in the early Cryptocurrency biological system, even as the present bear advertise has caused retail enthusiasm to decrease.

A month ago, Andreessen Horowitz — another firm with a long history of putting resources into blockchain new companies — propelled a $300 million reserve committed solely to the Cryptocurrency space and said that the "all-climate support" would "continue contributing forcefully" regardless of how dim a specific bear advertise shows up.

"A few people are very rich people since they held crypto and a few people hold crypto on the grounds that they're now tycoons," said eToro senior market expert Mati Greenspan in an announcement gave to CCN. "The enthusiasm for this new resource class is through the rooftop, however just barely as of late is it beginning to get the creative energy of the effectively rich."