Hedge Fund Manager Daniel Loeb Says He's Taking a Crypto 'Deep Dive'

The New York-based hedge fund founder described cryptocurrency as a "real test of being open to new and controversial ideas."

AccessTimeIconMar 2, 2021 at 3:27 p.m. UTC
Updated Sep 14, 2021 at 12:19 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Daniel S. Loeb, CEO and founder of hedge fund Third Point, says he's taking "a deep dive into crypto."

  • The New York-based CEO described cryptocurrency as a "real test of being open to new and controversial ideas" in a series of tweets on Monday.
  • Loeb likened bridging crypto and mainstream finance to "finding a portal" between two different worlds.
  • He also stressed the importance of "maintaining healthy skepticism while deepening one's understanding" and pondered whether it is now too late to join "the crypto party," even if it's still "early days in what is just now being adopted in the mainstream."
  • Bitcoin critic Peter Schiff weighed in on Loeb's musings in his own tweet, saying: "No deep dive is required. The intellectual pool is shallow."
  • Third Point describes itself as focusing on "event-driven, value-orientated investing" and has approximately $14 billion assets under management.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.