Finance heavyweights invested in cryptocurrency
finance heavyweights invested in cryptocurren
cy Stanley Druckenmiller: bitcoin as a safe haven bitcoin-safe-haven-managers-hedge-funds Stanley Drukenmiller is the former Chairman and Founder of Duquesne Capital which has managed up to $ 12 billion in assets. In early November 2020, in an interview for CNBC, Stanley Drukenmiller revealed his position in favor of crypto currencies, mainly Bitcoin. He exposes his interest in cryptocurrency because of its nature as a safe haven.
For him, the 13 years of Bitcoin's existence and its gradual democratization are interesting signals. Although he insists that he owns far more gold than Bitcoin, his interest in cryptocurrency has not gone unnoticed. Rick Rieder: cryptocurrency as a fund trend Rick Rieder is the Chief Investment Officer (CIO) at BlackRock, the world's largest manager.
According to Forbes, Rick Rieder is the head of a $ 1.2 trillion fund. Like Tudor Jones, he compares Bitcoin to gold and also highlights the interest it arouses among younger generations. He insists in particular on the sustainability of the crypto currency: “I think cryptocurrency is here to stay. I think it's sustainable and we've seen it with central banks opening up to digital currencies.
"Rick Rieder: Cryptocurrency as a Fund Trend Rick Rieder is the Chief Investment Officer (CIO) at BlackRock, the world's largest manager. According to Forbes, Rick Rieder is the head of a $ 1.2 trillion fund. Like Tudor Jones, he compares Bitcoin to gold and also highlights the interest it arouses among younger generations. He insists in particular on the sustainability of the crypto currency: “I think cryptocurrency is here to stay. I think it's sustainable and we've seen it with central banks opening up to digital currencies. "Rick Rieder: Cryptocurrency as a Fund Trend Rick Rieder is the Chief Investment Officer (CIO) at BlackRock, the world's largest manager. According to Forbes, Rick Rieder is the head of a $ 1.2 trillion fund. Like Tudor Jones, he compares Bitcoin to gold and also highlights the interest it arouses among younger generations. He insists in particular on the sustainability of the crypto currency: “I think cryptocurrency is here to stay. I think it's sustainable and we've seen it with central banks opening up to digital currencies.
" Eric Peters and Alan Howard: an increase in positions in Ether and Bitcoin Eric Peters is the CIO of One River Asset Management. At the end of 2020, he announced that he had bought nearly $ 600 million worth of Bitcoin and Ether. The fund plans to increase its positions to $ 1bn in 2021. For his part, Alan Howard is an English billionaire, co-founder of the hedge fund Brevan Howard Asset Management.
Alan Howard has already invested in Bitcoin. Recently, he showed his indirect interest in virtual currency with Brevan Howard's acquisition of 25% of One River Asset Management in October. JP Morgan: pro crypto managers? In 2017 and 2018, JP Morgan Chairman Jamie Dimon was among the most critical of cryptocurrencies. He has now revised his position, and JP Morgan has even established himself as an advocate for the rise in cryptocurrencies. It must be said that JP Morgan launched its own crypto currency, JPM Coin, indexed on the dollar, in order to allow transactions between institutions. In addition, in a note relayed by Bloomberg, analysts at JP Morgan asserted that “if pension and insurance funds in the United States, the United Kingdom, the euro zone and Japan allocate 1% of their assets in Bitcoin, this would generate an additional demand of 600 billion ”, 3 times the capitalization of Bitcoin in the fall of 2020. BlackRock does not want to be overtaken on virtual currencies BlackRock is the global asset management giant, approaching $ 7 trillion under management. Two recent elements have marked the attention of the crypto world: the recognition by Larry Fink, CEO of BlackRock, of the growing weight of crypto currencies on the one hand, and the form the bank. This one said in an interview the possibility of launching a Goldman Sachs cryptocurrency: “We are studying the commercial viability of creating our own digital fiat currency token, but we are only at the beginning as we continue to work on potential use cases.
" McDermott also showed his belief in developing a crypto industry. He spoke of the possible development of "a financial system where all assets and liabilities are grouped together on the Blockchain" within 5 to 10 years. Golman Sachs is thus entering a cryptocurrency race. Cryptocurrency race that is becoming highly financial, due to the position of many competitors.