One river asset management will be investing up to 1 billion dollars in Bitcoin and Ethereum. This is additional news that proves that cryptocurrencies are going mainstream and a huge amount of money is yet to flow into this market.
News Have emerged that Eric Peters, chief executive officer of One River Asset Management will be partnering up with Alan Howard, who is a British billionaire hedge fund manager and co-founder of Brevan Howard Asset Management, to monetize on the bitcoin hype trend, and they will be investing in Bitcoin and Ethereum to make sure that they will be generating amazing profits for their clients. It is expected that River Asset Management will create a special fund of up to $1 billion, especially for cryptocurrencies. This will probably have a great positive effect on both BTC and ETH which have rallied more than 200% and 300% respectively year to date.
One River Asset Management is an innovative investment manager dedicated to delivering high-conviction absolute-return strategies that help their clients build superior portfolios. They see the world in a period of major economic, policy and political transition, with the investment landscape shifting in ways that will make the coming decade look profoundly different from the past decade. Their strategies are built to profit from this dynamic environment while providing strong diversification benefits to traditional investment portfolios. Each is developed and managed by Their diverse team of investment professionals with deep expertise in volatility, macro, inflation, digital asset and systematic trading/investing.
Bitcoin surpassed $20,000 Wednesday to hit a record and has almost tripled in price this year. More and more institutional investors and billionaires think that they should be adding Cryptos to their portfolios. Here are some of the direct quotes from Eric Peters: “Covid-19 provided the ultimate catalyst for that transition and This is the most interesting macro trade I’ve seen in my career.” “There is going to be a generational allocation to this new asset class, and the flows have only just begun.”
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