Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on geyser.fund. 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.
 

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

DONATE NOW

World’s 317th Richest Man Bets on Crypto

Support free writers: > send a tip

written by

Kohlberg Kravis Roberts (KKR) co-founder Henry Kravis has followed in the footsteps of other big money players by betting on crypto.

Ben Forman, an ex employee of KKR and the founder and chief investment officer of ParaFi Capital, told Bloomberg that Kravis had made investments in his company’s crypto fund based in San Francisco. He explained the logic:

“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.”

Forman himself completed three years of work at KKR, with roles including credit business and debt investments. He also led the company’s blockchain and crypto research team. He explains why he left:

“While I toyed with the idea of pursuing blockchain investing within KKR, it was clear to me that the firm did not provide the optimal format to do so. Instead of pursuing crypto at KKR, I wanted to build the KKR of crypto.”

Kravis, who is the world’s 317th richest man according to Forbes with a networth of USD 5.8 billion, will now vie with the likes of Alan Howard, Louis Bacon, and Peter Thiel, to see who can make it bigger on crypto.

After Howard’s Brevan Howard Asset Management hired at least one advisor to help him manage his substantial crypto buys, the firm’s partners also invested in digital assets, with the company itself still considering token sale markets and blockchain startup venture funding.

Thiel is an outspoken Bitcoin bull so his affiliations have long been known, and he joined Howard and Bacon to invest in Block.one, the company behind EOS, which made its investors a lot of money with its blockchain iteration and crypto.

 

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Unsplash

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »

   Advertisement

bitcoin shop miami

Join our Newsletter

Video of the Week

   Advertisement

Latest on Bitcoin News

Join our Newsletter

   Advertisement