{"id":8510,"date":"2021-06-21T01:54:05","date_gmt":"2021-06-21T01:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/billionaire-steve-cohen-im-doing-a-deep-dive-into-crypto-im-fully-converted-im-not-missing-this\/"},"modified":"2021-06-21T01:54:05","modified_gmt":"2021-06-21T01:54:05","slug":"billionaire-steve-cohen-im-doing-a-deep-dive-into-crypto-im-fully-converted-im-not-missing-this","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/billionaire-steve-cohen-im-doing-a-deep-dive-into-crypto-im-fully-converted-im-not-missing-this\/","title":{"rendered":"Billionaire Steve Cohen: \u2018I\u2019m Doing a Deep Dive Into Crypto, I\u2019m Fully Converted, I\u2019m Not Missing This\u2019"},"content":{"rendered":"

Billionaire investor and CEO of Point 72 Asset Management, Steve Cohen, says he is taking a deep dive into cryptocurrency. Emphasizing that he is \u201cfully converted,\u201d the billionaire said, \u201cI\u2019m not going to miss this. I already feel like I missed the first part of it.\u201d<\/strong><\/p>\n

Steve Cohen Gets Into Crypto, Says He Is \u2018Fully Converted\u2019<\/h2>\n

Steve Cohen is the chairman, CEO, and president of Point72, an asset management firm with approximately $22.1 billion in assets under management (AUM) as of April 1. The firm has 12 offices around the globe and more than 1,650 employees.<\/p>\n

He shared his view on cryptocurrency in an interview<\/a> last week, emphasizing that he has finally decided that he has got to get into the game. The billionaire CEO said:<\/p>\n

I\u2019m doing a deep dive into crypto. I\u2019m fully converted.<\/p>\n

Cohen added: \u201cI have an old saying at the poker table, you got to pay to learn. There\u2019s no way around it. You can talk all you want, but you\u2019ve got to get in the game.\u201d<\/p>\n

He continued, \u201cI\u2019m hopeful that we will be able to start building something within Point72,\u201d adding that \u201cwe are in the process of starting to think about that.\u201d Regarding when to get into the crypto market, Cohen opined:<\/p>\n

The timing is never good. Who knows. I don\u2019t know if these things are going to go up.<\/p>\n

However, the Point72 CEO is not keen on bitcoin. \u201cForget bitcoin,\u201d he exclaimed. \u201cI don\u2019t care about bitcoin. I care more about the technology behind the blockchain and how transformational it is and how disruptive it could be.\u201d<\/p>\n

<\/p>\n

Cohen further shared, \u201cI feel like the way those markets are developing could be a real interesting adjacency to what we do at Point72,\u201d stressing:<\/p>\n

So, I\u2019m not missing this. I\u2019m not going to miss this. I already feel like I missed the first part of it, but I still feel like it\u2019s early.<\/p>\n

The billionaire noted that cryptocurrency is an example of something he wants to \u201clook forward and take some risk.\u201d He concluded: \u201cI may look foolish initially, but you size it accordingly, learn the game, and when you\u2019re confident, then take it to the next level.\u201d<\/p>\n

What do you think about Steve Cohen\u2019s comments on crypto and bitcoin? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, point 72, point 72 asset management, point 72 bitcoin, point 72 crypto, point 72 cryptocurrency, point72, steve cohen, steve cohen bitcoin, steve cohen crypto, steve cohen cryptocurrency<\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire investor and CEO of Point 72 Asset Management, Steve Cohen, says he is taking a deep dive into cryptocurrency. Emphasizing that he is \u201cfully converted,\u201d the billionaire said, \u201cI\u2019m not going to miss this. I already feel like I missed the first part of it.\u201d Steve Cohen Gets Into Crypto, Says He Is \u2018Fully…<\/p>\n","protected":false},"author":0,"featured_media":8511,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8510"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8510"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8511"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}