The Witter Family Office, which has deep roots in Wall Street, is overhauling its large cryptocurrency and blockchain portfolio but “continues to believe” in the sector despite the recent price declines, according to its co-founder. Sherry Pryor Witter, CEO of the Witter Family Office, said crypto and blockchain accounted for about 40% of the office’s assets at their peak. With the recent losses in both tokens and companies, Witter has sold off all but the top 10 crypto tokens and written down many of its venture capital investments, she said. But, she said, she still believes strongly in the asset class. “I think this is a great time to get into the better projects of crypto,” said Witter, who started buying crypto tokens in 2018. “I feel like this crypto flush we had really did a great job of getting rid of the bad actors. The recent events have been unfortunate but if you can pick the right projects, ... I think the returns will be strong going forward.” Witter is one of a large...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...