Billionaire Steve Cohen: Forget Bitcoin, Pay Attention To Blockchain Technology

China bikin market crypto crash (Technode)

JAKARTA – In the midst of the falling price of cryptocurrencies, billionaire Steve Cohen revealed that he was studying cryptocurrencies. The boss of Point72, an asset management company, said he would not miss this opportunity.

Cited from Bitcoin News, the Point72 company currently has 12 offices around the world with more than 1.650 employees. Cohen has decided to get into the cryptocurrency game.

“I studied crypto deeply. I'm completely in", Cohen said.

“I have an old saying at the poker table, you have to pay to learn. There is no other way. You can talk all you want, but you have to get into the game".

He also hopes his company can build something with crypto and is currently in the process of thinking up a plan.

When Cohen was asked when is the right time to get into the crypto market, he said: “The timing is never good. Who knows. I don't know if these things (crypto prices) will go up".

The CEO of Point72 admitted that he did not care about the Bitcoin hype that was sweeping the world today.

“Forget Bitcoin. I don't care about Bitcoins. I care more about the technology behind blockchain and how it transforms and how disruptive it is”, Cohen said.

Cohen further shared, “I feel the way the market is evolving can make for a very interesting affinity for what we do at Point72”.

“So, I didn't miss this. I won't miss this. I already feel like I missed the first part, but I still feel it's still early", Cohen said.

"I may look stupid at first, but you measure it right, learn the game and when you are confident then take it to the next level", he added.