Despite the massive dump in price, billionaires are pouring their money into digital assets and blockchain based companies. According to media sources Steven Cohen have invested undisclosed amount of money in blockchain ventures through Autonomous Partners, A hedge fund ran by Arianna Simpson an early advocate of cryptocurrencies.
Steven uses his Cohen Private Ventures to funnel this money into Autonomous Partners. In an Interview on Thursday, Arianna Simpson mentioned few more big names like Union Square Ventures, Coinbase Inc. Chief Executive Officer Brian Armstrong and Craft Ventures Co-Founder David Sacks have invested in blockchain based companies through her hedge fund. She said Autonomous Partners invest mainly in companies that are building next generation financial infrastructure as well as in large cap cryptocurrencies like Bitcoin and Ethereum.