Steve Cohen has said he owns a ‘little bit’ of bitcoin because of his son

Steve Cohen has said he owns a ‘little bit’ of bitcoin because of his son.


"My son is really into it. He had me play around and try to figure out how to transact on Coinbase." Cohen added that he does not closely follow Bitcoin. "It's not really my focus...There's definitely a segment of the population that believes in it, and perhaps it's the new gold. It's difficult to say."

The billionaire also mentioned that he does not hold a strong opinion on Bitcoin. "I think ultimately it's about use cases...Will cryptocurrency develop use cases? Bitcoin is intriguing, but it's just one part of the larger ecosystem," he said.

Cohen stated that he does not view the equities market as being in a bubble. He actually sees more potential for growth. "I believe that this is a very robust situation...There will be significant winners and losers."

Regarding the rise of artificial intelligence (AI) applications, Cohen compared it to the 1990s when many top companies emerged. He is confident that numerous new names could emerge in the near future.

When discussing the Federal Reserve's monetary policy, Cohen suggested that three rate cuts would be appropriate this year. "I think inflation has been somewhat controlled," he added. However, he noted that it would be "challenging" for the Federal Reserve to reach its 2% inflation target.

During the interview, the Point72 chairman also predicted that a four-day work week would become more common.