Alan Howard makes crypto investments following May cryptocurrencies crash. Billionaire hedge fund manager Alan Howard makes two new investments in two digital asset startups last month, June.
Alan Howard has invested in Copper. co, a London-based provider of digital-asset custody and trading technology, as part of a $75m fundraising
The deal comes after Alan Howard announced in early June a $4m investment in Kikitrade, an Asia-based crypto trading app.
“Alan Howard announced in early June a $4m investment in Kikitrade, an Asia-based crypto trading app”
WEALTH TRAINING COMPANY
Alan Howard makes crypto investments in May’s cryptocurrencies panic sell-off
Alan Howard now joins a string of billionaire investors who have recently embraced cryptocurrencies. As we have reported, Ray Dalio famously prefers cryptocurrencies to bonds, Carl Icahn thinks cryptocurrencies are here to stay and Paul Tutor Jones has also invested in cryptocurrencies.
Moreover, the cryptocurrencies space could soon see a fresh inflow of capital from Germany, which recently passed a law allowing “Spezialfonds,” or special funds, to invest as much as 20% of their portfolios in crypto.
Theoretically, $415 billions of capital inflow from Germany, Europe’s largest economy with one of the world’s largest surpluses, could flow into the cryptocurrencies
So, with almost half a trillion USD now authorized to flow into cryptocurrencies from Germany the market capitalization of cryptocurrencies could easily surpass 2T USD.
Last month, June 2021, El Salvador made history when they voted to make Bitcoin legal tender, the first country in the world to recognize such terms.
“Alan Howard now joins a string of billionaire investors who have recently embraced cryptocurrencies”
WEALTH TRAINING COMPANY
Alan Howard makes crypto investments as the largest capitalization cryptocurrencies become an accepted part of the modern global financial system
With a string of billionaire investors and now countries accepting cryptocurrencies as assets and a legal tender I believe that any dip, particularly in the main cryptocurrencies, could represent the best buying opportunity of the year.
Here is what Copper’s chief executive Dmitry Tokarev said about Alan Howard’s crypto investments; “We’re very grateful for Alan’s backing. His early commitment to space sets him out from other traditional players” he said.
Alan Howard led a $25m extension of Copper’s Series B fundraising, which secured $50m in May. Sources with knowledge of the deal said that Howard contributed at least $12.5m, with the remainder coming from existing investors. His investment in Kikitrade also came shortly after the company closed a round of fundraising.
“Copper was founded in 2018, the company provides crypto custody and trading technology to traditional asset managers and companies looking to deal in digital assets” – Wealth Training Company
Alan Howard makes crypto investments underscores the fact that the billionaire sees the recent cryptocurrency sell-off as a buy the dip opportunity
Copper was founded in 2018, the company provides crypto custody and trading technology to traditional asset managers and companies looking to deal in digital assets. The start-up will work with Howard’s Elwood following the fundraising to work on “crypto trading technology and prime services serving institutional investors”, said James Stickland, Elwood chief executive.
Alan Howard makes crypto investments in Copper but he also a month earlier, in May made investments in a new cryptocurrency asset exchange, Block One
Alan Howard joined fellow investors Peter Thiel and Louis Bacon in May to put $10bn in Block One. Alan Howard is also an investor in the Sweden-listed digital asset manager Coinshares, and crypto custodian Komainu, which is backed by Japan’s Nomura bank.
So, Alan Howard makes crypto investments, and he is the latest of a growing list of billionaire investors to endorse cryptocurrencies.