Ken Moelis Is Looking Into the Crypto Space, Compares It to 1848 Gold Rush

The investment banker wants his company to develop expertise in the crypto space before diving in.

AccessTimeIconJun 9, 2021 at 5:09 p.m. UTC
Updated Sep 14, 2021 at 1:08 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Ken Moelis, CEO and founder of global investment bank Moelis & Co., said that he is looking into the crypto space for new opportunities in business as well as for himself during a Bloomberg Deals summit Tuesday.

“Maybe on the personal side, definitely on the business side, we are focused on having expertise,” Moelis said on the program. He also noted that while he believes that there is a lot of capital and projects in the market, he remains careful about the sector.

The company is not the only traditional bank that has recently announced it would get more involved with cryptocurrencies. CoinDesk recently reported that Goldman Sachs participated in a Series A funding round of Blockdaemon, a leading blockchain infrastructure platform that raised $28 million.

Moelis compared the current obsession with cryptocurrency to the 1848 gold rush, saying that “a lot of people didn’t know if there was gold in the ground, but Levi’s made a business selling jeans and Wells Fargo made a banking business.”


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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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 to register and buy your pass now.