ICYMI – Big hitter Steve Cohen’s Point72 Asset Management is wading into crypto
13 May 2021
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.
Bitcoin is struggling to recover after Elon Musk tweeted yesterday, slashing its price:
For the chronology, read from the bottom up: