Dan Loeb’s hedge fund hires pro-crypto Goldman Sachs analyst


According to reports, a Goldman Sachs research analyst who has previously spoken positively about bitcoin and blockchain technology will join New York-based wealth management firm Third Point.

According to a Reuters report, Third Point today hired Heath Terry, a director of tech at Goldman Sachs. He has been with the investment firm a decade and will reportedly join Third Point’s venture investing team.

Terry was already talking about Bitcoin (BTC) before the 2017 bull run, predicting that the crypto asset will “mature” and that more use cases are likely to emerge. He said it was “hard to see a world where blockchain technology doesn’t change the way we think about owning assets”.

The addition of the seemingly crypto-friendly Goldman Sachs executive director to the billion dollar hedge fund follows CEO Dan Loeb’s announcement on Monday that he is “diving deep into crypto” and implies that he is looking for ways to bridge the gap between them to close 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 fortune is more than $ 3 billion – has led some to speculate that he might pave the way for others who are still hesitant about what the technology and its importance to the world as far as traditional finance is concerned. His announcement already seems to have convinced Shark Tank star Kevin O’Leary, who said today that he would invest 3% of his portfolio in Bitcoin.

Cointelegraph asked Heath Terry for a comment but received no response at the time of publication.