Bitcoin

Dan Loeb’s hedge fund is hiring a crypto backer, Goldman Sachs analyst

According to reports, a Goldman Sachs analyst who has previously spoken positively about bitcoin and blockchain technology is joining New York-based wealth management firm Third Point.

According to a Reuters report today Third Point hired Heath Terry, General Manager of the Goldman Sachs Technology Division. He has been with the investment firm for a decade and is reportedly joining the Third Point team that runs venture investing.

Terry was already talking about Bitcoin (BTC) ahead of the 2017 Bull Run, predicting that the crypto asset would “mature” and likely see more use cases.. He said it was “difficult to see a world where blockchain technology won’t change the way we think about owning assets”.

Dan Loeb’s hedge fund is hiring a crypto backer, Goldman Sachs analyst
Dan Loeb’s hedge fund is hiring a crypto backer, Goldman Sachs analyst

The seemingly cryptocurrency-friendly manager at Goldman Sachs’ inclusion in the billion dollar hedge fund comes after CEO Dan Loeb announced on Monday that he was “diving deep into crypto” and hinted that he was looking for ways to fill that void to close between traditional finance and the cryptocurrency space. Some estimates put Third Point’s assets under management between $ 15 billion and $ 20 billion.

Loeb’s possible entry into the crypto sector as a prominent Wall Street investor (his personal fortune tops $ 3 billion) has led some to speculate that he might pave the way for others who still doubt the technology and what it means. His announcement seems to have convinced Shark Tank star Kevin O’Leary, who said today that he will allocate 3% of his portfolio to Bitcoin.

Cointelegraph has reached out to Heath Terry for a comment, but we haven’t received a response as of press time.

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