Billionaire Wall Street Titan Henry Kravis Places First-Ever Crypto Bet

Kohlberg Kravis Roberts (KKR) Co-Founder Henry Kravis has decided to try his luck with cryptocurrencies. He follows in the steps of other finance hotshots such as Alan Howard, Louis Bacon, and Peter Thiel, who have all got involved in crypto.

Last year, CCN reported that Howard – co-founder of Brevan Howard Asset Management – has hired at least one employee to help the billionaire in managing substantial crypto investments.

While the firm has not purchased or traded any cryptocurrencies itself, Brevan Howard’s partners had invested in cryptoassets with the asset management company looking to enter the ICO market as well as funding blockchain startups.

Peter Thiel, the co-founder of PayPal and early investor of numerous tech companies like Facebook and Spotify, has been a long-time bitcoin bull.

Reference: https://www.ccn.com/crypto/billionaire-wall-street-titan-henry-kravis-crypto-bet/2019/07/01/

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