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 today, Third Point hired Heath Terry, a managing director of Goldman Sachs’ tech division. He has been with the investment firm for ten years and will reportedly becoming 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 exec to the multi-billion dollar hedge fund follows CEO Dan Loeb announcing on Monday that he had been “doing a deep dive into crypto” and implied 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 today he would be allocating 3% of his portfolio into Bitcoin.
Cointelegraph reached out to Heath Terry for comment, but did not receive a response at the time of publication.
Title: Dan Loeb’s hedge fund hires pro-crypto Goldman Sachs analyst
Sourced From: cointelegraph.com/news/dan-loeb-s-hedge-fund-hires-pro-crypto-goldman-sachs-analyst
Published Date: Tue, 02 Mar 2021 19:44:44 +0000