RATE Group | Wall Street legend bets on cryptocurrency and Bitcoin
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Wall Street legend bets on cryptocurrency and Bitcoin

28 Jul Wall Street legend bets on cryptocurrency and Bitcoin

Posted at 19:01h in Cryptocurrency News by

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  • Henry Kravis, the co-founder of the private equity firm KKR & Co., is investing in a cryptocurrency fund provided by ParaFi Capital.
  • Kravis joins fellow billionaire investors Peter Thiel, Alan Howard and Louis Bacon, who have all invested in cryptocurrency and blockchain technology.

As reported by Bloomberg, Henry Kravis, the billionaire investor and co-founder of the private equity firm KKR & Co., is investing in a cryptocurrency fund provided by ParaFi Capital. Ben Forman, a former employee and ParaFi Capital founder, said that cryptocurrencies offer unprecedented upside for investors because of the risk and volatility involved:

“In the high-yield markets, I used to fight to outperform the index by tens of basis points. Crypto, on the other hand, due to its nascency, offers a tremendous amount of alpha to active managers.’’

Following this move, Kravis joined fellow billionaire investors Peter Thiel, Alan Howard and Louis Bacon, who have all…

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