Billionaire Investor Alan Howard Makes "Sizable Investment" In Cryptocurrencies

Investors - such as Warren Buffett and anyone else who believes that "value investing" still exists in a time of centrally planned markets - may hate "irrational", "intrinsically worthless" cryptocurrencies, but traders - those who thrive on volatility and actually making money - are increasingly warming up to bitcoin et al. Case in point: hedge fund billionaire Alan Howard made "a sizeable personal investments in cryptocurrencies last year and plans to put more of his own money into digital assets and the blockchain technology behind them" Bloomberg reports.

He is not alone as other partners at the macro hedge fund firm he co-founded - one of the world's biggest - Brevan Howard Asset Management, have independently made similar investments, Bloomberg's sources revealed although the investments are separate from the $9.1 billion hedge fund firm, as Brevan Howard does not trade cryptocurrencies for its clients.

Bloomberg adds that Howard has already hired at least one person to work for him on initiatives in digital assets and plans to hire more. He could make private-equity style investments in blockchain companies and may participate in initial coin offerings. And judging by the recent slump in crypto prices he will have an attractive entry point.

To be sure, Howard’s interest in cryptocurrencies contrasts with the outright hostility of many luminaries of finance, from Jamie Dimon to Warren Buffett. On the other hand, some "newer generation" advocates of cryptocurrencies have emerged, including former Fortress manager Mike Novogratz and billionaire investors Mark Cuban and Peter Thiel

While Brevan Howard’s flagship hedge fund recorded its worst ever annual performance last year, largely as a result of a lack of volatility amid years of central-bank stimulus which have made it difficult for traders to make money - 2018 has been good for the fund which according to media reports is up in the double digits YTD now that volatility has finally returned if only to the stock market.


Looney Wed, 03/14/2018 - 13:45 Permalink


Cryptos are dropping faster than descending testicles.

BTW… According to, “An undescended testicle (cryptorchidism) is a testicle that hasn't moved into its proper position in the bag of skin hanging below the penis (scrotum)…”

You can’t make this shit up!   ;-)


2rigged2fail lester1 Wed, 03/14/2018 - 15:56 Permalink

Nocoiner is a person who has no Bitcoin. Nocoiners (usually Socialists, Lawyers or MBA Economists ) are people who missed their opportunity to buy Bitcoin at a low price because they thought it was a scam, and who is now bitter at having missed out. The nocoiner takes out his or her bitterness on Bitcoin Hodlers, by constantly claiming that Bitcoin will crash, is a scam, is a bubble, or other types of easily refuted FUD. Nocoiners have little to no computer skills or imagination; even when they see the price of Bitcoin go up and its adoption spread they consider all Bitcoin users to be in a collective delusion, with only themselves as the ones who can see what is happening. This attitude comes from being steeped in the elitistpriest cultures found at Harvard, Yale and Columbia, where anyone who is not part of their clique is treated with suspicion by default. The worst nocoiners are tenured academics and goldbugs. Nocoiners believe that the world owes them everything they want because they are part of an elite; they are hysterical liars, brats, prostitutes and losers.

In reply to by lester1

lookslikecraptome 2rigged2fail Wed, 03/14/2018 - 19:37 Permalink

u have this in a word file. u have posted it 3-4 times already. "Nocoiners believe that the world owes them everything they want because they are part of an elite; they are hysterical liars, brats, prostitutes and losers".... HMMMM sounds like the coineratti to me. Any way have a good one. We all see what we want till the hard right edge of the screen tells us the truth

In reply to by 2rigged2fail

exartizo Looney Wed, 03/14/2018 - 18:46 Permalink


But remember that Cryptos are known to also ADVANCE (i.e. GO UP) waaaaaay faster than a pair of fully descended testicles and associated glandular organs in a strip joint lap dance on a Saturday night.

In reply to by Looney

VAL THOR Wed, 03/14/2018 - 14:03 Permalink

I remember in August of 1974, DOW was 725 and gold $11/oz.

I invested a lot in HoJos, Texas Instruments and Nat Semi, and cashed out a few years later.

Thought I was a big cheese, but looking back, a fleck of bacteria on a hog's back compared to these guys.

But I was honest and remain so and broke.

taketheredpill Wed, 03/14/2018 - 14:16 Permalink

The math is ironclad (maybe subject to quantum computing advances?) so blockchain makes sense.

Crypto-currencies have a bigger hill to climb, especially versus the political clout of hostile fiat governments (trust us, TINA).

Also, crypto currencies may have a future but nothing guarantees that Bitcoin will be part of it.