The crypto-enthusiast billionaire Steven Cohen, both philanthropist and hedge fund manager, and also known as "Hedge Fund King" would have invested in Autonomous Partners, a speculative fund dedicated to cryptocurrencies and led by Arianna Simpson.
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Cohen invests in Autonomous Partners
According to a report by Fortune, Cohen reportedly invested in Autonomous Partners through its venture capital firm Cohen Private Ventures.
Founded in December 2017, Autonomous Partners is steeped in the long-term potential of virtual currencies and Blockchain technology, based on regulatory uncertainty in the crypto-market. The fund has several major investments, including those of Brian Armstrong, the CEO of Coinbase, Union Square Ventures and Craft Ventures.
It would also hold a significant share of investment in Bitcoin and Ethereum. Autonomous is focusing on "new generation" digital currencies, Simpson told Fortune Media in an interview.
"We always want to do a few things with the Blockchain. We are still determining who needs it and who does not. But it is clear that they want to trade, they want to participate in the game, "she added.
Play on several boards
The investment projects of Cohen Private Ventures are numerous, to mention only its venture capital fund, Crystal Towers Capital for example. The company started investing in this fund in 2015.Although the company has chosen to invest in cryptocurrencies, it remains cautious. The Ripple (XRP) could be a Financial Title Token. Simpson prefers to move away from the mark as a precaution . She said:
"I'm very concerned about the level of centralization, and I have concerns about regulation. Tokens issued could be of the financial instrument type. "However, a number of executives of the Ripple have pointed out that it is in no way a financial securities-type token, the Securities and Exchange Commission in the United States has not yet ruled on this issue. About. However, it argued that Bitcoin (BTC) and Ethereum (ETH) were not securities of the type.
What do you think of Cohen's investment in crypto-currencies? Is the fund right to stay away from the XRP? Tell us in the comments below.