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Billionaire Investor Ken Moelis Calls Crypto A Gold Rush And Is Studying The Space

Mary Liu

Summary: Ken Moelis, CEO and founder of Moelis&Company, the world's leading independent investment bank, said at the Bloomberg Deals Summit that he is studying the field of crypto to find business opportunities.  Moelis compared the current popularity of crypto with the gold rush of 1848. He said: "a lot of people didn’t know if there was ...

Ken Moelis, CEO and founder of Moelis&Company, the world's leading independent investment bank, said at the Bloomberg Deals Summit that he is studying the field of crypto to find business opportunities. 

Moelis compared the current popularity of crypto with the gold rush of 1848. He said: "a lot of people didn’t know if there was gold in the ground, but Levi’s made a business selling jeans and Wells Fargo made a banking business."

Although he believes that there are lots of capital and projects in the market, Moelis is still cautious about the industry and hopes his company will develop professional knowledge before tipping toes into the crypto water. 

By Mary Liu

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