Billionaire Steven Cohen to invest in crypto focused Autonomous Partners fund

[avikz]

As reported by one of the most significant money related website MoneyControl on July 16th, that 'Hedge fund king' billionaire Steven Cohen to invest in crypto focused hedge fund Autonomous Partners. This is not one of his private ventures and he will be investing through his own venture capital company  Cohen Private Ventures. This news sends out a positive vibes across the market. Lets look at the pros and cons of this investment.

Pros:
1. Being a billionaire investor, his investment advice is followed by many people. So his investment in crypto related hedge fund will certainly bring more interested people in investing into crypto currency.
2. The credibility of cryptos will increase among the cash-rich mass whose funds are being managed by his other companies as well.

Cons:
1. He will be investing in a privately managed hedge fund and none of his funds will flow to the actual crypto market. So we will not see any fresh funds flowing in to the market from his investment.

What do you think on how the market will react on this news? Do you think we have already crossed the bear phase and entering into the bull phase of the year?

News source: https://www.moneycontrol.com/news/business/cryptocurrency/hedge-fund-billionaire-steven-cohen-is-getting-into-crypto-2718311.html

[Kingsingle]

This is good news, helping the coding market to increase market capitalization and the price of coins will rise. So I also hope that there are more people involved and pour capital into the cryptographic market.

[hugeblack]

The news was on the 16th day, followed by a rise in the price of all cryptocurrencies, but I do not think there is a link between the two events.
It will not make a difference as the talk in the article is vague and can not be understood as wanting to invest directly, but I think it's an attempt to use the name of cryptos to attract the attention of customers. [Which strengthens my words is not to mention the names of cryptos or dates.]
It is not the first time that such a move is made

[googs84]

1. He will be investing in a privately managed hedge fund and none of his funds will flow to the actual crypto market. So we will not see any fresh funds flowing in to the market from his investment.

So this is bothering thing here and may not affect the crypto currency at all. However it is still can be considered as positive news because under his investment and his influence other investors might take the opportunity of positive vibes and may invest in the crypto projects. Though he is putting the money in private managed hedge fund then also it is beneficial as it is all about the crypto projects at the end. Lets just see by ourself when the steps are followed and the money is flooded in this kind of hedge.

[davis196]

I still don't know in what type of crypto will this guy invest his millions.I think that there are two main options.
1.Bitcoin futures.(I assume that he is afraid of directly buying thousands of bitcoins.It's risky)
2.Crypto projects backed by a good idea,proper business plan and a good team of developers.I'm pretty sure that this guy isn't going to pump and dump altcoins.He is not a shady investor.

[uchiikina14]

The news was on the 16th day, followed by a rise in the price of all cryptocurrencies, but I do not think there is a link between the two events.
It will not make a difference as the talk in the article is vague and can not be understood as wanting to invest directly, but I think it's an attempt to use the name of cryptos to attract the attention of customers. [Which strengthens my words is not to mention the names of cryptos or dates.]
It is not the first time that such a move is made

That is true and with it it can it can start a small uptrend in the market as small time investors are going to be interested to the prices that we see in the market today, as BTC is within a constant USD 7k price since last week from the USD 6k-6.5k in June and earlier this month, but it will not justify a bull run as it would need a great move from other sources in order to attract more investors.

[Levin23]

This is good news, surely people will flock to follow. this can also make the name cryptocurrency more familiar, especially known by the followers of Steven Cohen. hopefully many of his followers are interested in cryptocurrency.

[HSRP]

The news was on the 16th day, followed by a rise in the price of all cryptocurrencies, but I do not think there is a link between the two events.
It will not make a difference as the talk in the article is vague and can not be understood as wanting to invest directly, but I think it's an attempt to use the name of cryptos to attract the attention of customers. [Which strengthens my words is not to mention the names of cryptos or dates.]
It is not the first time that such a move is made

All operations of every problem have goals and results. Specialists, sharks, or traders all have new breakthroughs for the market. They appear to be a part of the market and are, however, intended to serve the community with high revenues.

[Baofeng]

1. He will be investing in a privately managed hedge fund and none of his funds will flow to the actual crypto market. So we will not see any fresh funds flowing in to the market from his investment.

So this is bothering thing here and may not affect the crypto currency at all. However it is still can be considered as positive news because under his investment and his influence other investors might take the opportunity of positive vibes and may invest in the crypto projects. Though he is putting the money in private managed hedge fund then also it is beneficial as it is all about the crypto projects at the end. Lets just see by ourself when the steps are followed and the money is flooded in this kind of hedge.

Its still a welcoming news for crypto to see big names joining the market. And for those newbies, they might sway to put more money when they read such kinds of news. They might FOMO so I think it can be considered as positive news.

This is good news, surely people will flock to follow. this can also make the name cryptocurrency more familiar, especially known by the followers of Steven Cohen. hopefully many of his followers are interested in cryptocurrency.

Its a win-win situation. I'm sure being a billionaire, he has this influence on his team and followers. Of course, we still make the final decision and should not listen to others, but someone with the stature of Cohen, can draw inspirations and can be a media influencer just like John McAfee is. And he can stay relevant in the news as well.

[pitiflin]

Well people are more focused on Mac coins affecting the bitcoin price.

I don't these should affect the prices, for its just an investment. People won't give a shit about this. Just because a Billionaire uses other people's funds to invest in it, doesn't make bitcoin/crypto a big thing. People should recognize crypto for its true worth. Trust me, this is going nowhere, in terms of affecting anything.

[GangNamSK]

Well people are more focused on Mac coins affecting the bitcoin price.

I don't these should affect the prices, for its just an investment. People won't give a shit about this. Just because a Billionaire uses other people's funds to invest in it, doesn't make bitcoin/crypto a big thing. People should recognize crypto for its true worth. Trust me, this is going nowhere, in terms of affecting anything.

It is possible that your thing is absolutely possible. We need to consider many issues before discussing ideas that lead to results. Believe in the market, not believe in anyone's predictions, all information is for reference only. The trend of the market it affects the general fluctuations of the financial economy. Only phenomenal manipulations have the slightest shift of electronic money. So make decisions before making decisions. To avoid the loss.