British billionaire Simon Nixon has reportedly planned to increase his investments in the crypto industry, Bloomberg reported on the 26th.
Adam Proctor, managing director of Nixon’s family office, Seek Capital said in a statement that they want to increase their investment in crypto as they “feel it is an important area for the future”.
Seek Capital is also looking to hire an analyst to focus on key areas such as Bitcoin and other cryptos, Proctor said in a statement to Bloomberg.
Nixon’s moneysupermarket.com is a price comparison site for mortgage-listings companies in 1993. He sold all his shares of the company in 2016, and since then has been managing more than $1 billion of personal assets in the tech sector.
Apart from moneysupermarket.com, Simon Nixon is the co-founder of venture capital firm Seek Ventures.
Details of the purpose of increased investments were not revealed. However, it did not come as a surprise as many financial giants have shifted their focus on cryptocurrencies.
According to a study conducted by Goldman Sachs, over 15% of the surveyed family offices have allocated their investments in cryptocurrencies and 45% of the respondents said that such assets could perform well in the future.
The survey also reported that nearly half of the family offices Goldman Sachs does business with want to add cryptocurrencies to their list of investments.
Pro-crypto millionaire Mark Cuban recently revealed his cryptocurrency portfolio which had 60% allocated in Bitcoin, 30% added in Ethereum, and 10% in other crypto assets.