Former Goldman Sachs Exec’s Crypto Hedge Fund Expanding, Despite Bear Market

Cryptocurrency prices may be seeing a low point in their cycle, but the industry as a whole is still showing tremendous growth. In fact, the bear market has not even scared away investors from institutional firms like Goldman Sachs.

BlockTower Capital, a cryptocurrency hedgefund co-founded by former Goldman Sachs investment manager Matthew Goetz is actually expanding its staff in the midst of the current bear market, according to Bloomberg.

BlockTower Capital launched last year, and in that short time, the firm was able to hire new employees and open a second office. At their launch, they were able to raise $140 million through private investors. The BlockTower headquarters is in Stamford, Connecticut, but last month they opened a second office in New York.

The firm has not officially announced any additional positions, but the “careers” section of their website encourages blockchain experts to contact them about employment:

Talented individuals with a passion for cryptocurrency, blockchain technology, and investing in the world’s decentralized future may send a writeup with their perspective on the space and resume to: [email protected],” the website states.

Last year, the unprecedented cryptocurrency boom created a remarkable rush in the industry, with 156 crypto hedge funds launching in 2017.

Growth has slowed this year, however, but 2018 has still seen the opening of 96 crypto hedge funds. This still represents a substantial increase from 2016, where just 42 firms entered the market.

According to Coindesk BlockTower Capital has partnered with Galaxy Capital and other firms to develop a $16 million cryptocurrency investment project called Caspian – a platform designed to make crypto trading easier and more streamlined for institutional investors.

BlockTower co-founder Ari Paul explained:

Liquidity is fragmented across dozens of exchanges globally, each with their own quirky API connections. Professional trading software will facilitate greater liquidity in crypto assets.


Roger Ver Shows Interest in Buying Satoshi Nakamoto's Original Bitcoin Website founder Roger Ver has shown interest in buying the website, which was originally registered by Bitcoin creator Satoshi Nakamoto and developer Martii Malmi.

As CryptoGlobe reported, on a GitHub post Cobra Bitcoin, the pseudonymous co-owner of, has announced he will be gradually reducing his involvement with the website and leave it “in trusted hands.”

In his original post Cobra noted he had some people in mind, but asked for individuals or organizations that could be a good fit to maintain the website, which is currently being used to onboard new users into the flagship cryptocurrency and ranks highly for the term “bitcoin” on search engines.

Cobra has been widely criticized in the cryptocurrency community proposing changes to Satoshi Nakamoto’s original Bitcoin whitepaper, and has seen mixed reactions to his announcement of reducing his involvement in the website. On Reddit, one user asked whether he would sell the website to Roger Ver.

Roger, taking advantage of the opportunity, responded via his MemoryDealers handle to say he has “cash in hand,” showing interest in acquiring the domain. Ver is well-known for running and campaign in favor of bigger blocks on the Bitcoin blockchain. In August 2017, he moved his support to Bitcoin Cash (BCH).

Speaking to CoinTelegraph, Ver noted he would “gladly buy” the website, but does not expect Cobra to sell it to him. He added he hasn’t made any efforts outside of that comment to buy the domain. As to who would be best suited to take over, he said:

Maybe a Bitcoin Foundation-like organization that is made up of the businesses building on crypto. The [Electronic Frontier Foundation] EFF might not be bad either. Anyone who supports free expression of ideas would be better than the current group.

When asked what he would use the domain for, he said it would be used to promote “peer-to-peer electronic cash systems.” Ver asserted, however, he hasn’t put much thought into it as he doesn’t expect to be given a chance to buy the website.

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