Point72 Asset Management, the hedge fund founded by billionaire Steven Cohen, is searching for a “head of crypto,” according to a report by The Street that cites people with knowledge of the matter.
As reported by U.Today, Cohen mentioned that he was “fully converted” to crypto in a recent interview, adding that he was still early:
I’m not going to miss this. I’ve missed the first part, but I still feel like I’m early. I may look foolish initially, but it accordingly to earn the game. And then, when you’re confident, take it to the next level.
Yet, the New York Mets owner is not-so-bullish on Bitcoin since he claimed that he was mainly interested in blockchain and its disruptive potential:
I don’t care about bitcoin. I care more about the technology behind the blockchain and how transformational it is and how disruptive it could be.
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Point72—which boasts $22.1 billion under management—has been rumored to get into crypto for quite a while.
In May, the hedge fund told its investors that it was “exploring opportunities” in the blockchain sector.
Dan Burgin
