ICYMI – Big hitter Steve Cohen’s Point72 Asset Management is wading into crypto

ICYMI – Big hitter Steve Cohen’s Point72 Asset Management is wading into crypto

A letter sent to investors from Steve Cohen’s Point72 Asset Management says the firm is not ignoring blockchain, Bitcoin & the crypt currency market. 

“We are exploring opportunities around blockchain technology and its transformative and disruptive capabilities”

“We would be remiss to ignore a now $2 trillion crypto currency market.”

An earlier report from cryptocurrency-focused media said Point72 was poised to make a sizable move into the area. 

BTC update:

A letter sent to investors from Steve Cohen’s Point72 Asset Management says the firm is not ignoring blockchain, Bitcoin & the crypt currency market. 

Bitcoin is struggling to recover after Elon Musk tweeted yesterday, slashing its price:

For the chronology, read from the bottom up:

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