The hedge fund billionaire Alan Howard still supports crypto startups

The hedge fund billionaire Alan Howard still supports crypto startups

Krypto-Wal
    According to reports, Howard works in relation to the crypto industry with a horizon of 10 to 15 years
  • His latest investments were a crypto brand studio and a "Play-to-Eearn" meta-verse startup

The British billionaire Alan Howard is one of the crypto investors who do not give in to the latest turbulence.

The 58-year-old Hedge Manager is still investing in the room. In mid-June, Howard took a pre-seed round worth $ 10.3 million for Crypto Brand Studio Part sciencemagic. Especially after the collapse of Terra.

He also took part in the $ 11 million-dollar seed round of the "Play-to-Eearn" meta-verse startups ATMOS Labs, which ended around the same time-caused a crypto creditor to the entire market.

Howard already financed 13 crypto -related projects in 2022, although most of them were created before the cryptoma markets were refueled. He supported a total of around 40 cryptocurrency projects, including the stock exchanges FTX and Bitpanda, Polygon, Ledn and Block.One. crunchbase-daten shows.

The billionaire, whose hedge fund Brevan Howard started trading cryptocurrencies last year, has been investing his personal assets in digital assets for several years. His first known investment was in a European online broker nextmarkets in 2016.

The Wallstreet Journal Howard personally bought cryptocurrencies to protect itself from inflation, but it is not clear what asset or how much of it he bought.

It now seems that he wants to work in every partial segment of the crypto industry. Forbes values ​​ Howard's personal assets at $ 3,2 billion.

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A crypto manager who worked with Howard said the FT that the billionaire had a 10- to 15-year vision and that he fell into the sector when everyone went out during the 2018 crypto crash.

He should also actively participate in Brevan Howard's 1 billion dollar cryptovehikel, the BH Digital Multi-Strategy Fund, which invests in Liquide crypto systems and participates in private blockchain companies.

A source announced Blockworks at the beginning of this year that Brevan was doing an "absolutely massive push into crypto technology". According to the latest figures, the company recently managed a total assets of $ 23 billion.

Howard, formerly CEO of Brevan Howard, took a back seat at the fund when he handed over the reins to Chief Risk Officer Aron Landy in 2019. Howard still controls the company as a whole.

The latest market depression has put several investors off, but long -term players are not impressed by such burglaries. Chris McCann, partner at Race Capital and formerly FTX supporters, told Blockworks that the worst times are usually the best for risk investment.

Representatives of Brevan Howard did not respond to the request of block works for a comment.


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The contribution Hedgesmilliardär Alan Howard still supports crypto startups is not a financial advice.