Coindesk Logo

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

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

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."

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

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

AccessTimeIconMar 2, 2021, 3:27 PM
Updated Aug 19, 2021, 7:38 AM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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 have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


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.