“I don’t have a single portfolio manager [of mine] who has told me we should buy crypto, not a single portfolio manager,” he said at the Delivering Alpha Conference in New York on Wednesday.
“I have a hard time finding myself wanting to be in a position of being a liquidity provider for a product I don’t believe in.”
The investor said he wishes the younger generation would focus on more productive activities than investing in digital currencies.
His hedge fund firm now manages more than $30 billion in assets.
The firm’s multistrategy fund, known as Wellington, was up 1.52 percent in June and 8.79 percent during the first half of the year.
This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.