Investor Dan Loeb dives deep into cryptocurrency

Dan Loeb, CEO of New York-based asset management firm Third Point and a well-known figure on Wall Street, has said he is looking into ways to bridge the gap between traditional finance and the crypto space.

In a series of tweets to his followers on Monday, Loeb said he had been “doing a deep dive into crypto,” referencing a recent article on nonfungible tokens, or NFTs, from Chris Dixon, a general partner at Andreessen Horowitz. Dixon described the ways NFTs could change the economics of content creators — namely that the technology allows them “a new way to take the money.”

Though Loeb called the crypto space “a real test of being intellectually open to new and controversial ideas,” he said he was still maintaining a healthy level of skepticism.

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