The Wall Street investor and the co-founder of the private equity firm KKR & CO., is investing in blockchain and virtual currencies. This is according to a recent report released by Bloomberg that informs that Kravis is investing in a cryptocurrency fund provided by ParaFi Capital.

Wall Street Investor Enter The Crypto Market

According to a recent report released by Bloomberg, the co-founder of KKR & Co., Henry Kravis is investing in a crypto fund provided by ParaFi Capital. In this way, Mr. Kravis joins other recognized investors such as Peter Thiel, Alan Howard or Louis Bacon.

Ben Forman, the founder of ParaFi Capital, considers that the volatile crypto market offers great opportunities for investors.

About it, Forman explained:

“In the high-yield markets, I used to fight to outperform the index by tens of basis points. Crypto, on the other hand, due to its nascency, offers a tremendous amount of alpha to active managers.’’

Forman has been working at KKR & Co., that has $190 billion in assets under management. In order to focus on the crypto market and blockchain technology, he left the firm and entered the space. He explained that he wanted to invest in blockchain technology but KKR didn’t provide the optimal format to do so.

He has also mentioned that instead of using KKR to invest in crypto and distributed ledger technology (DLT), he decided to build the KKR of crypto.

“While I toyed with the idea of pursuing blockchain investing within KKR, it was clear to me that the firm did not provide the optimal format to do so. Instead of pursuing crypto at KKR, I wanted to build the KKR of crypto,” he commented.

In addition to it, ParaFi has already invested in the recognized US cryptocurrency platform Coinbase, the decentralized finance (DeFi) project MarkerDAO (MKR), and the logistics and financial services application called Grab.

The cryptocurrency space has been welcoming new experienced traders and users from all over the world. During the last weeks, the price of the digital currency has been growing and surpassed $13,750 for a brief period of time. However, the price of Bitcoin fell down to $10,500 some hours later.

Some analysts suggest that the current bull trend that Bitcoin is experienced is being backed by larger investors rather than by retail traders as it happened back in 2017.

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