Christopher Giancarlo, former Chairman of the CFTC, and American billionaire and investor Mark Lasri invested an unnamed amount in a cryptocurrency hedge fund BlockTower Capital. About writes this Bloomberg…
Giancarlo served as head of the CFTC from 2017 to 2019. Under his leadership, the regulator approved trading bitcoin futures… After leaving this position, Giancarlo headed the non-profit organization Digital Dollar Project, which promotes the idea of issuing a national digital currency.
Co-founder and CEO of Avenue Capital Group Mark Lasri is known for his bullish expectations for Bitcoin, which he voiced, including in the midst of the bear market.
Lasri and Giancarlo confirmed the investment, but declined to comment.
Founded in August 2017 by Susquehanna CEO Ari Paul and ex-Vice President of Goldman Sachs Matthew Goetz, the fund focuses on investing in various cryptocurrencies and blockchain projects.
As a reminder, the first investors of BlockTower Capital become family offices and large venture capital funds, including Union Square Ventures and Andreessen Horowitz.
This January bitcoin growth rate proved to be more popular than buying shares of technology companies, according to Bank of America in a survey of asset managers in January.
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