Former Millennium Management and Pimco Executives Launch Crypto Advisory Firm x2B amid Trump’s Pro-Crypto Shift

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As a seasoned professional with decades of experience in traditional finance at esteemed institutions like Millennium Management and Pimco, I must say that the entry of Benoit Bosc and Michael Bressler into the crypto space is nothing short of exciting. Their new venture, x2B, promises to bridge the gap between traditional finance and token issuance, a task that many have attempted but few have mastered.

Previous employees from Millennium Management and Pimco are venturing into a consultancy firm specializing in the cryptocurrency sector. This move follows the election of Donald Trump, who is recognized for his supportive stance towards cryptocurrencies, as the next U.S. president.

In October and August, Benoit Bosc, previously a portfolio manager at Millennium, and Michael Bressler, who was the Vice President at Pimco, both departed from their respective roles. They have now teamed up to establish a fresh consulting company specializing in cryptocurrencies, named x2B.

Our upcoming project is set to kick off this month with 10 clients on board. We plan to bill them using a combination of future cryptocurrency tokens and traditional cash. Our main goal is to support crypto initiatives by offering guidance in various aspects including token economics, fundraising, exchange listings, and treasury management.

x2B Aims to Bridge the Gap between Traditional Finance and Token Issuance

Bosc and Bressler boast an abundance of expertise gained from their prior engagements within conventional finance. Prior to departing in 2023, they held prominent positions at crypto liquidity firm GSR, where Bosc served as the US manager and Bressler led global sales for a period of one and a half years.

Bressler clarified that many individuals find it hard to grasp the mechanism behind token issuance, as it integrates conventional and modern finance methods. He underlined the fact that the platform x2B will collect charges utilizing a mixed approach with future tokens and fiat currency.

As a financial analyst, I must confess that the intricate workings at the crossroads of sophisticated traditional finance and modern digital finance, particularly when it comes to token issuance, often elude many of us.

Following Bressler’s endorsement, Bosc expressed his belief that the crypto sector could benefit significantly from the expert and transparent services provided by x2B. Moreover, he mentioned that x2B intends to motivate all token issuers to assume greater accountability during the process.

Trump’s Pro-Crypto Stance Fuels Optimism for x2B’s Launch in a Bullish Market

X2B’s launch happens at a time when the cryptocurrency market is showing a positive trend, as Bitcoin just reached an unprecedented peak of $82,000. This optimistic atmosphere in the crypto world might be linked to Donald Trump’s election victory as the next U.S. president, generating excitement among investors.

Trump has consistently expressed his backing for digital assets. During a campaign speech, he encouraged crypto traders not to part with their Bitcoins. Consequently, it’s not unexpected that an increasing number of sectors are exploring the world of cryptocurrency, and some believe the price fluctuation in Bitcoin, as well as the broader crypto market, is being affected by Trump, given speculation that his administration might offer a more lenient regulatory environment for the crypto industry.

Starting from now, x2B’s entry into the crypto space would be advantageous as it allows emerging projects to better integrate with conventional financial systems. This could lead to a maturation of the industry, fostering a more stable and regulated market landscape. Moreover, their experience can aid in making crypto initiatives more structured and transparent, thereby elevating the overall quality within the sector, and making it more attractive for institutional investors.

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2024-11-11 16:13