Billionaire Steve Cohen Throws Himself Into Crypto After Initial Skepticism, Here’s Why

How Cohen Got Into The Market
The billionaire revealed that most of his skepticism had been quelled by his son. Cohen’s son, who is a “cryptomaniac” had apparently changed his father’s mind regarding the crypto market. Cohen told Scaramucci at the Skybridge Alternatives Conference that his son “really convinced me this was something I needed to do.” Listening to his son’s advice, Cohen had gotten started on investing in the crypto space.
The billionaire had met with many people over the course of six months to gain as much knowledge about the space as he could. Since this was not a space Cohen was familiar with, it was important that he was as educated as he could be about the market.

“Once I decided there were opportunities, and I thought this could be a space like the internet, it could be incredibly transformational. I wasn’t going to miss this.”

The billionaire has then gone on to make several bets in the crypto industry. Armed with the information and education gotten from his past six months of research, Cohen is now involved in the crypto market personally, as well as investing in the market through his firm, Point72 Asset Management.

Source : bitcoinist.com