Equity Fund CEO Recommends to Steer Clear of Crypto, Advises to Focus on ‘Basic Goods’

The CEO of investment house Gateway Partners, is shunning Bitcoin (BTC) and cryptocurrency in favor of more traditional investment strategies, Asia-focused business publication Nikkei Asian Review reported on Jan. 2.

Gateway Partners is an advisory and private equity company managed by Viswanathan Shankar, the former director of Standard Chartered (LON:STAN) group. Over the course of 2019, the company is reportedly planning to invest its first $757 million fund, and is working on deals in the United Arab Emirates, Saudi Arabia, and Egypt.

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