Dalio, who founded the largest fund speculative to the world, Bridgewater Associates, told attendees of the SALT Conference in New York on Wednesday, "I have more crypto than gold.
Cohen, who heads Point72 Asset Management, told the conference earlier this week that he hopes he doesn't miss out on the opportunities offered by digital currencies.
SkyBridge, the alternative investment firm whose founder, Anthony Scaramucci hosts the SALT conference, has a 12% investment in bitcoin, said the company's co-chief investment officer, Ray Nolte, at the event.
Even though investment firms are looking to create funds for cryptocurrencies that resembleBlend and resemble equity and bond funds, they are known to be volatile and potentially risky. Bitcoin, for example, traded above $ 48,000 on Wednesday, after falling below $ 30,000 in July. In April, it exceeded $ 60,000.
Dalio said cryptocurrencies represent a
Cohen studies cryptocurrencies for himself and potentially his business for quite some time and told investors in May he would "neglect" to ignore the $ 2 trillion cryptocurrency market.
This week, Cohen announced that he was investing in Radkl, a digital asset investment and proprietary trading company, and he decided toclarified at the conference that his company, Point72, was developing crypto-trading capabilities.
Cryptocurrencies were a major theme of the SALT conference, which was held in person in New York this year after last year's event in Las Vegas was canceled due to the pandemic.
Cohen and Dalio's appearances were among the busiest sessions at the event, with fund managers and investors eager to hear how billionaires viewed topics ranging from relations with China to remote work from the office.
Dalio said China could be seen as an existential threat to the United States, adding that he is imperative to have more contacts there, not less, to better understand how the government operates.
Cohen, at histurn, said flexibility is key in a post-pandemic world. "I like working from home and don't have to be in the office five days a week," he said. "I think we need to be flexible. Reporting by Svea Herbst-Bayliss in New York Editing by Matthew Lewis
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