Arthur Hayes’ New Private Equity Fund Focuses on ‘Picks and Shovels’ of Crypto
PositiveCryptocurrency

Arthur Hayes has launched a new private equity fund that aims to invest in the foundational aspects of the cryptocurrency industry, often referred to as the 'picks and shovels' of crypto. This approach is significant as it focuses on supporting the infrastructure and services that enable the broader crypto ecosystem to thrive, rather than just investing in cryptocurrencies themselves. By targeting these essential components, Hayes is positioning his fund to capitalize on the growing demand for crypto-related services, which could lead to substantial returns as the market continues to evolve.
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