Travis Kling, a former L/S Equity Portfolio Manager at Point72, a hedge fund with $13 billion in assets under management (AUM), has said in the long-term, every investor will have some exposure to crypto assets like bitcoin. Kling, who founded crypto asset management firm Ikigai Asset Mangement, said: Every investor will have crypto asset exposure in their portfolio eventually. All of them. How early or late each of them are will matter a lot for that portfolio. The statement of Kling comes after the bitcoin price has risen 66 percent in the past month, breaching $8,000 and recovering to late 2018 levels.In an essay ... (full story)