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Hedge Fund Investor Steven Cohen Enters into Cryptocurrency

Fortune released reports on the 12th of July revealing that Steven Cohen’s venture capital, Cohen Private Ventures, plans to  take on a new crypto-centered investment with Autonomous Partners.


The company was first founded by bitcoin enthusiast, Arianna Simpson, in December 2017. Simpson has an extensive history in the crypto space with significant involvement with BitGo, a startup for bitcoin wallets. Simpson’s  hedge fund successfully secured investments from major partners including Union Square Ventures, Coinbase Chief Executive Officer Armstrong, as well as Craft Ventures.

Simpson’s venture fund, known as Crystal Towers Capital, has previously been supported by Cohen’s firm dating back to 2015. Although specific details concerning the size of this recent investment have yet to be publicized, the partnership appears to be recurring.

Future Currencies

According to Fortune, Autonomous Partners aims to focus on what Simpson described as future generation digital currencies. Her crypto fund will be concentrating on newly emerging tokens, however, will dedicate a certain percentage of investments towards more mature currencies such as ether and bitcoin.

Simpson also noted that although blockchain presents a variety of use cases, it is undoubtedly clear that the technology is prospering in two key departments, trading and game platforms.

Regulation, Simpson explained, is among her major concerns with this newly emerging space which is the main reason she refused to get involved with XRP. As reported by Fortune, Simpson’s opinion of overall concern is that the crypto space and associated technology needs more clarity.

As demand continues to increase, 2018 has seen cryptos-centered hedge funds continue to rapidly increase to help satisfy traditional investors’ booming demand.

Autonomous Next reported that out of nearly 251 cryptocurrency-centered hedge funds ranging from over $3B to $5B dollars in investments, a whopping 175 had been established as early as 2017.

2 years ago

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