Billionaire Investor Alan Howard Makes “Sizable Investment” In Cryptocurrencies

Investors – such as Warren Buffett and anyone else who believes that “value investing” still exists in a time of centrally planned markets – may hate “irrational”, “intrinsically worthless” cryptocurrencies, but traders – those who thrive on volatility and actually making money – are increasingly warming up to bitcoin et al. Case in point: hedge fund billionaire Alan Howard made “a sizeable personal investments in cryptocurrencies last year and plans to put more of his own money into digital assets and the blockchain technology behind them” Bloomberg reports.

He is not alone as other partners at the macro hedge fund firm he co-founded – one of the world’s biggest – Brevan Howard Asset Management, have independently made similar investments, Bloomberg’s sources revealed although the investments are separate from the $9.1 billion hedge fund firm, as Brevan Howard does not trade cryptocurrencies for its clients.