A renowned hedge fund from Europe that goes by the name of Brevan Howard claimed that it planned to make some expansions to its well operated crypto business. Brevan Howard digital, the renowned hedge fund recently became a massive part of the crypto news once the news broke. According to a vast number of reliable resources, the unit created recently plans to manage digital assets as well as crypto. One of the main reasons behind this incentive the ever-increasing interest in hedge funds resulting from crypto.
Besides the creation of Brevan Howard digital, the company also plans to make massive changes to ots roster. This became abundantly clear with the hiring of Colleen Sullivan. For those who don’t know, Colleen happens to be the present chief executive officer of CMT, which a firm for digital arm trading. Colleens role would be spearhead all sorts of venture and private investments that take place in the crypto subdivision of the organization.
Brevan Howard is famous for the bets it makes on various macroeconomic trends. Once the company broke the news being talked about, it became clear that it planned to move hedge funds in the ever so vast crypto trading world. It is also worth keeping in mind that a large number of institutional investors plan to pivot towards crypto. All of this suggests that things are pointing towards one direction, and that is crypto entering the mainstream.
This has been discussed in the crypto space for a long time, but now it is becoming abundantly clear that crypto will get mainstream attention even further. Things like these had been suggested by a variety of experts inside and outside the crypto world, and they are indeed turning out to be true after all. That being said, this does not mean in any way that every company across the globe will become crypto friendly all of a sudden. There is a long way to go for that as there are still many people who are not completely convinced by this relatively new currency.
One of the biggest reasons behind the doubt and hesitation is that there have been loads of incidents where people lost a significant amount of money due to poor investments. However, as renowned organizations step into the crypto scene, it is becoming abundantly clear that it indeed is the real deal. At the end of the day, the type of investment you make and the currency you choose can make a massive difference to everything. With Brevan Howard moving hedge funds in the direction of crypto, it seems like more and more people will show an interest in crypto investments down the line.
