Dan Loeb’s hedge fund hires pro-crypto Goldman Sachs analyst

A research analyst from Goldman Sachs who has previously spoken favorably about Bitcoin and blockchain technology will reportedly be joining New York-based asset management firm Third Point.

According to a Reuters report on Tuesday, Third Point hired Heath Terry, a managing director of Goldman Sachs’ tech division. He has been with the investment firm for 10 years and will reportedly become part of Third Point’s team handling venture investments.

Terry has previously spoken about Bitcoin (BTC) prior to the 2017 bull run, predicting the crypto asset was “going to mature” and would likely see more use cases. He said it would be “hard to see a world where blockchain technology doesn’t change the way we think about asset ownership.”

The addition of the seemingly pro-crypto Goldman Sachs executive to the multibillion-dollar hedge fund follows CEO Dan Loeb announcing on Monday that he had been “doing a deep dive into crypto” and implying he is looking into ways to bridge the gap between traditional finance and the crypto space. Some estimates put Third Point’s assets under management between $15 billion and $20 billion.

Loeb’s potential inclusion in crypto as a prominent Wall Street investor — his personal net worth is more than $3 billion — had some speculating he could pave the way for others still hesitant about the technology and what it means for traditional finance. Already, his announcement appears to have convinced Shark Tank star Kevin O’Leary, who said Tuesday he would be allocating 3% of his portfolio to Bitcoin.

Cointelegraph reached out to Heath Terry for comment but did not receive a response at the time of publication.

Source: Read Full Article