Steven Cohen is the latest billionaire to invest in DeFi and cryptocurrencies and is all set to invest in a trading firm specializing in crypto. A famous Wall Street investor who is also a hedge fund genius and the owner of New York Mets may have stirred a controversy when he criticized his own team.
But he is now turning heads for getting into the crypto game. He has invested his money in “Radkl” which is a high-tech trading firm that uses high speed and sophisticated trading models to invest in cryptocurrencies. The firm also partners with GTS, which gives them a lot of credibilities.
The amount that has been invested has not been revealed, but it is known that he is investing in a personal capacity. That means that the hedge fund that is managed by him will not be involved and this is an investment on his own behalf. He will not be involved in the day-to-day operations of the firm and is merely an investor.
In the past, he was not a huge fan of the crypto and DeFi markets but has recently said in interviews that he is now on board with them. This personal investment also shows that Cohen is very well aware of what cryptocurrencies can mean to the world in the coming years.
With many top-tier billionaires investing in crypto, it shows that it is a trustable avenue where you can earn money. It also is a great way to be a part of something revolutionary. If you have wanted to get into the cryptocurrency game too, now is the best time.