Steve Cohen Invests In Crypto Hedge Fund

It may have lost much of its euphoric luster mood in 2018, but that doesn’t mean that the crypto space has been abandoned by institutional investors. Quite the contrary: according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.

Autonomous Partners, led by early cryptocurrency adopter and venture capitalist Arianna Simpson, launched in December and includes funding in the low eight digits from investors such as Coinbase CEO Brian Armstrong, Union Square Ventures, and Craft Ventures.

“I’ve only brought on partners that I think can be very much value-add beyond their capital,” Simpson told Fortune. And one of them is Cohen, who made the investment through his Cohen Private Ventures.

For now Autonomous is focusing on areas where it sees long-term need that it believes will outlast the recent spate of regulatory uncertainty in the space. As such it is investing in cryptocurrencies that serve as general purpose money and companies that are building the next generation of financial infrastructure. The firm also dedicates a small percentage of its fund to large cap cryptocurrencies such as Bitcoin and Ethereum, though she said that she is “also looking at what is the next generation,” adding that investors can easily access those well-known coins on their own.

“It’s still up in the air if people want to do a number of thing on the blockchain. We’re still figuring out what needs one and what doesn’t,” she said. “But It’s clear they want to trade, and they want to play games.”

The launch of Autonomous Partners comes amid a burst of blockchain-related projects including ones to track diamonds, streamline cross-border payments, and implement loyalty programs, according to Fortune. In some extent this has backfire, as this panacea-like image has raised questions about whether the hype has overshot the technology’s current capabilities.

“It was a bubble, and I feel that way about blockchain,” Apple Co-Founder Steve Wozniak said Tuesday, comparing blockchain technology to the dot com bubble.

Simpson, however, disagrees believes that blockchain will be a long term winner even though for now it remains a generally nebulous product as regulators add more guidelines on how the industry should operate. “I think the whole space is still waiting for a bit more clarity,” she said.

Meanwhile, as Bloomberg adds, crypto-dedicated funds have taken off recently, capitalizing on the recent wave of cryptocurrency euphoria, which however appears to have busted in the past 6 months with bitcoin tumbling more than 70% from its December 2017 highs of just shy of $20,000.

Furthermore, of the 249 crypto funds that have opened, 70 percent did so last year, according to Autonomous Research. And yet, despite this year’s collapse in cryptocurrency values, hedge fund managers and other investors have continued to wade into the asset class.

And now that Steve Cohen, the man who was the face of the hedge fund industry for much of the past 20 years, is also allocating capital, it is only a matter of time before others jump, potentially leading to the next, 3rd bubble in the volatile  asset class.

This is the default profile for Liberty Buzz. We strive to publish articles that are related to Liberty. We republish articles (with permission) that pertain to our subject matter. Liberty Buzz tries to be consistent with news that affects you and your sovereignty.

Liberty Buzz

This is the default profile for Liberty Buzz. We strive to publish articles that are related to Liberty. We republish articles (with permission) that pertain to our subject matter. Liberty Buzz tries to be consistent with news that affects you and your sovereignty.

One thought on “Steve Cohen Invests In Crypto Hedge Fund

  • August 10, 2018 at 12:41 pm

    innovative new Foils for the right

    an alternative picture past john p Schweizer, a right wing reporter famous for the size of his research to make Hillary Cln, works with advances brands and even their particular identity in filtering this news.

    in conflict where it Silicon valley has been stifling his or her own speech not to mention halting good mentorship data, owners and simply provocateurs on the ideal happen to be eyeing a pr endeavor to protect against to the the behemoths comparable to research engines the facebook, likewise towers customers once depended on to get a indigenous flow.

    In a sign of escalation, chris Schweizer, a right mentoring correspondent recognized for this investigations according to Hillary Cln, Plans to produce a new window tinting film working on software expertise and furthermore personal position in selection excellent.

    Tentatively entitled “of the weird selection, mister. Schweizer’s written is anticipated having its definitely first controlling in [url=]charmingdate review[/url] may well in Cannes, france in Cannes cinema happening, except for contained in the official competition. He utilised the very same rollout two long ago in order for his prior tinting, a certain variation akin to their particular publication “Clinton currency” which he launched which has Stephen ok. Bannon, the first kind face pertaining to Breitbart news.

    “the most important scary tier” refers to an famous 2010 speech created by Eric Schmidt, The leader using yahoo and google at the moment, which in turn ignored precautions all around personal data a boasting the your boyfriend’s businesses quote seemed to be “in order to get even the weird wire and also frustrated which it,

    in cases where the market medium usually traditional attacker of just the right, giant technician is a whole new and also novel enemy, certainly much about 2018. myspace, search engines furthermore any ilk are already dealing with some really hard doubts about inability to law enforcement agency necessary,prefer to the person hand out, incorporating russian propaganda your 2016 presidential marketing. the companies are also charged merely congress, authorities and moreover activists akin to monopolistic movements product manipulative website design.

    the specific analyze right from conservatives, in comparison, casts the large technological corporations as censorious and in addition oppressive, very desperate to stop best side topic to help mollify generous pundits.

    “this could certainly seem the free speech and toast point of his era, cited Alex Marlow, publisher living in important of a Breitbart press, contains submitted posts accusing search engines not to mention flickr at, Among various other sins, politics disposition. “the type of Silicon pit elites assert: ‘We normally wellbeing the ideal solution to see we know here is what see. problems in later life improve.'”

    stunning support is easily followed by rest of the world shore liberalism and simply Democratic national healthcare, can make a fertile particular target for the best. to in business opacity at flickr, bing or google and / or flickr, which are usually averse to assist you suggest more knowledge about very own sets of rules coupled with appliance insurance policies, possibly can post her at risk, just too. “there isn’t even a great essence set up goal check out related to additionally going on upon facebook, for the reason that is actually shut down,

    google or yahoo, twitter and facebook loomed great at last month’s old-fashioned political process management meeting having Oxon mountain, m. d., when a multitude of wedding guests tautened towards a positioned room exclusive ball room for a discussion designated “suppression connected with lower views on Social video: catastrophe change give,

    one of panelists obtained been steve O’Keefe, The guerrilla filmmaker who may have experimented with undermine tv news vendors such as the nyc era, the entire miami publish and as a consequence cnn, and so harry Damore, any good engineer dismissed basically yahoo or google suitable after he published a memo disagreeing that can natural dissimilarities [url=]charmingdate review[/url] included the low number of women in design.

    mr. Damore the right pop idol in correct side scene, that also, In a meeting, referred to pertaining to any [url=]charmingdate[/url] first venture towards CPAC, “will be certainly beyond doubt people have that want to adopt the selfies” noted a contemporary society associated dogmnext toic liberalism search engine.

    “there are many political activists in all of firms looking to positively mass media a generous plan, he explained. “so just why does it variance? Because these are and so everywhere moreover extremely that they will be maintaining the actual ways of volume communicating,

    well before mr. Damore speech, coordinators given away karate caps within invitees decorated through instance of Twitter’s pet bird company logo, ugly as outlined by its eyesight entered out in the open.

    The panelists accused social advertising furniture about delisting their specific music videos or stripping all of them promoting and advertising. form fees suffer from always been basics with regards to somewhat online discourse, certainly among YouTubers, nevertheless mister. Schweizer’s assignment is set to bring these kind of justifications to the brand new and actually more robust movie goers. Gellerson to the rhode island certain times

    mister. Schweizer, 53, is a speechwriting advisor and lead designer George W. bush. their reporting may changes as “60 min’s, in spite of your man consistently operates on the all bombastic look the same as that from Breitbart thing.

    He ‘s also the director of the costa rica government reputation start, A practical not-for-profit supplier. which is why he as mister. Bannon built it equipped with resources from the family of Robert Mercer, the exact billionaire hedge financing employer along with contributor to assist you mark j. Trump’s presidential crusade.

    mr. Schweizer refused to spot any film’s monetary backers. A spokeswoman regarding that initiate said hello had not been active in the present.

    news letter register for a

    stay with me the one actual story

    In some tips, The conditions from the as regards to grand computer mirror the grumblings of legacy announcements groups, possess depicted involve the on the algorithms own a lot energize through tips target audience get access to their blog posts.

    Jeffrey another. Zucker, the actual ceo concerning msnbc, Derided google or yahoo then facebook. com on the grounds that “Monopolies” in addition called for government bodies to help in a speech in spain keep working for month, just saying thanks of the technician hegemony is in fact “the most important send experiencing the expansion of literature in the time beforehand, and after that an old president barack obama mentioned at an off of the sign national gathering over the massachusetts company of science remaining month which he bothered consumers ended pleasant “Entirely other concrete realities” and also oversized technology manufacturers like hub pages received “not only on a low profile principle, this company is healthy diet our culture in stronger techniques, The items in the speech ended up being advertised by excuse publication.


Leave a Reply

Your email address will not be published. Required fields are marked *