How ex-high school classmates joined the club of world s largest crypto holders gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
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Kyle Davies and Su Zhu started Three Arrows Capital at the kitchen table of their apartment in 2012. Now they are among the world’s biggest crypto holders with a portfolio worth billions of dollars.
At least for the moment.
Their portfolio was rocked in recent days as environmental concerns over mining, regulatory scrutiny, warnings by Chinese authorities about digital currency payments and a flurry of erratic tweets by Tesla chief executive Elon Musk whipsawed prices. For Mr Davies, an early investor in the space and an evangelist for the underlying technology, the recent volatility is just a blip, enough perhaps to scare off newbie investors, but not for someone who has experienced far more volatile periods.
Kyle Davies and Su Zhu started Three Arrows Capital at the kitchen table of their apartment in 2012. Now they’re among the world’s biggest crypto holders with a portfolio worth billions of dollars.