Close Menu
    Bitcoin

    Former Millennium and Pimco Executives to Launch Crypto Consultancy Firm x2B

    By No Comments2 Mins Read

    30s Summary

    Former executives from Millennium Management and Pimco, Benoit Bosc and Michael Bressler, are launching a crypto consultancy firm, x2B, in November 2024. The firm will guide crypto initiatives on fundraising strategies, token economics, and treasury management. Bosc and Bressler previously occupied senior roles at crypto firm GSR before the 2022 crypto market dip. x2B already has 10 clients and will charge a combination of future tokens and cash. The launch aligns with a crypto market surge, with Bitcoin hitting over $80,000, largely attributed to favourable policies expected from President Trump’s administration.

    Full Article

    Benoit Bosc and Michael Bressler, former big shots from investment companies Millennium Management and Pimco, are diving back into the world of crypto. They’re setting up a new consultancy firm named x2B, which is scheduled to kickstart by November 2024. This firm is designed to mentor crypto initiatives on things like fundraising strategies, token economics, and how to manage the treasury.

    Before landing roles at Millennium and Pimco, both Bosc and Bressler held senior positions at the crypto company GSR. In response to a significant dip in the crypto market in 2022, they both moved on from GSR in 2023.

    With nearly 14 years of experience at powerhouse JPMorgan, Bressler mentioned that only a handful of folks straddling traditional and digital finance genuinely get the complexities of token launches. He also shared that x2B has already bagged 10 clients and will charge them using a blend of future tokens and hard cash.

    As for Bosc, the former crude oil trader at Goldman Sachs for over nine years reckons that the crypto scene could do with more professionalism and transparency. He also added that x2B is all about demanding more accountability from those involved in token launches.

    Their resurgence into the crypto world aligns with a massive surge in the crypto market, as Bitcoin recently cleared a whopping $80,000 for the first time on November 10, 2024. This bullish move was further fuelled by Donald Trump’s recent U.S. presidential victory, as many believe his administration’s policies would favorably affect the burgeoning crypto industry.

    As of now, Bitcoin’s trading at around $81,331 and has seen a surge of about 85% so far this year, with a 30% boost over the past 30 days.

    Related Posts