Crypto-oriented investment group BlockTower Capital seems unperturbed by the prolonged decline in the cryptocurrency market and is pushing ahead with its business expansion. The hedge fund, launched by former Goldman Sachs (NYSE:GS) investment manager Matthew Goetz, has hired more people this year and opened a new office despite the deflating market, a person familiar with the matter told Bloomberg.
The company has grown its staff to 13, which is almost double compared to the number of employees it had at the start of 2018. Besides its head office in Stamford, Connecticut, BlockTower has also set up shop in New York.
The company’s plans defy the bearish trend that has prev...
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