While Bitcoin’s uptrend has stalled, prominent names in the financial world have continued to delve into cryptocurrency.
The latest of these is Darius Dale, the Managing Director & Partner at Hedgeye Risk Management. Dale heads the firm’s Macro Strategy team alongside the chief executive of Hedgeye.
The analyst announced on June 19th that he “just bought Bitcoin for the first time” ever. Dale added that he thanks Morgan Creek Digital’s Anthony Pompliano and others in the community for providing him with the resources to properly make this trade.
Just bought bitcoin for the 1st time in the ol’ PA amid this pullback. Wish me luck!
Many thanks to @APompliano and his large community of thoughtful disruptors for providing me with the resources I need to better understand the risks of this trade.
Collaborate. Evolve. Profit.
— Darius Dale (@HedgeyeDDale) June 19, 2020
One of the Latest Prominent Analysts and Investors to Have Adopted Crypto
Dale is one of the latest notable investors and analysts to have delved into the Bitcoin space for the first time.
Brandon Quittem, a popular commentator and entrepreneur in this nascent space, recently shared the tweet below. It outlines a handful of big names in traditional finance and Silicon Valley that are going big on cryptocurrency.
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He listed individuals such as Paul Tudor Jones, Dan Tapiero, Chamath Palihapitiya, Raoul Pal, Tim Draper, Peter Theil, and Naval Ravikant.
6/ The world is waking up to Bitcoin.
“Smart Money” investors already own Bitcoin.
If you don’t own any Bitcoin, ask yourself: what do I know that Paul Tudor Jones, @DTAPCAP, @jack, @chamath, @RaoulGMI, @dan_pantera, @nntaleb, @TimDraper, @peterthiel, and @naval don’t know?
— Brandon Quittem (@Bquittem) June 17, 2020
Not to count out the contributions of the others listed (and those not listed), but billionaire investor Paul Tudor Jones’ entrance has been seen as especially notable by cryptocurrency bulls.
Jones announced in a research note that Bitcoin is the “fastest horse in the race” — the best asset to owns in a world where fiat money is being debased by central banks and governments attempting to stabilize the economy.
According to an analysis by Bitwise Asset Management, Jones’ entrance into crypto confirms that institutions should own BTC and that the career risk in buying Bitcoin is low,
Macro Trends Abundantly Bullish for Bitcoin
Dale did not elaborate on why he is buying Bitcoin for the first time ever, but many top investors and analysts agree that the case