Billionaire Simon Nixon to Add His Crypto Investments

by in Cryptocurrency News

Simon Nixon crypto investing

UK billionaire businessman, the co-founder and former deputy director of the popular platform for price comparison, MoneySuperMarket plans to add more BTC and other cryptocurrencies to his family office investments.

Related: DeFi TVL Reached a New High of $157 B

During the interview with Bloomberg, the managing director at Nixon's Seek Capital, Adam Proctor said that allocating crypto is essential for the future. The executive also informed that the family office is searching for an analyst focused on the crypto industry.

Simon Nixon is among the most active tech investors in the United Kingdom. According to the official data provided by his venture capital, Venture Seek, Nixon manages over $1 B of personal assets in the technology space.

The interest of private wealth management advisory firms towards crypto has been rising. In July, leading international bank Goldman Sachs announced the results of a survey carried out with 150 family offices from different parts of the world.

Around 50% of participants said they planned to invest in crypto.

As for Britain itself, the country’s institutional investors also are becoming more interested in crypto. A recent survey showed that around 50% of financial managers believe cryptocurrencies will increase in value.

Currently, the total crypto market cap stands at over $2 trillion.