Markets

Meet two of the world’s largest cryptocurrency holders

Kyle Davies and Su Zhu, former traders with Credit Suisse, are among the world’s biggest cryptocurrency holders with a portfolio worth billions of dollars.

The pair, who were high school classmates, together run a firm called Three Arrows Capital.

Amid environmental concerns over mining, regulatory scrutiny and Elon Musk’s tweets, the price of bitcoin has seen some swings recently.

Also read: Want to invest in Bitcoin, Dogecoin and Ethereum? Here’s how you can dabble in cryptocurrencies

According to 34 year-old Davies, the recent volatility in the price of bitcoin is just a blip that might scare newer investors but not those who have seen more volatile periods.

Three Arrows Capital owns a 5.6 percent stake in the Grayscale Bitcoin Trust, a $22 billion fund, Bloomberg reported citing a filing by the former in January.

Many traders and bankers from Wall Street have made large amounts of wealth by investing in cryptocurrencies, the report said.

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