According to a recent report by Forbes, Point72 Ventures, an early-stage venture capital firm that was launched by billionaire Steven Cohen, is Several investors from fintech and crypto teams have been fired, according to anonymous sources cited by the outlet. , Cohen, whose net worth is estimated to be $19.8 billion, revealed that he owned"a little bit" of Bitcoin during a CNBC interview.
During the aforementioned interview, the billionaire admitted that Bitcoin was"interesting," but he also stated that he did not have a strong opinion on the leading cryptocurrency. At the same time, Cohen expressed a bullish sentiment toward AI, arguing that the current craze reminded him of the internet boom in the 90s that managed to produce some of the best companies of today.
Back in 2021, the Point72 Asset Management boss said that he was"fully converted" to crypto, adding that he was still early. He's not the only one. Last year, for instance, Chinese fintech behemoth Ant Group abandoned the crypto market in order to invest in AI. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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Source: ForbesTech - 🏆 318. / 59 Read more »
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