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Man Group Chief Says Crypto Has ‘No Inherent Worth:’ FT

Genesis Block ceases trading
Genesis Block has no connection with a separate crypto player called Genesis Global Capital.

Cryptocurrencies have “no inherent worth” but are creating trading opportunities for Man Group because of their wild price swings, Chief Executive Luke Ellis told the Financial Times.

The chief of the world’s largest listed hedge fund manager called cryptocurrencies ‘’a tulip bulb,’’ comparing them to the financial mania over the flower in the Netherlands in the 17th-century, the report said. Full story: Financial Times

Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.


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