Dunhill scion bets $3M on crypto fund amid bear market, sees opportunity like early autos

Piers Dunhill, descendant of luxury brand founder Sir Alfred Dunhill, says now is the time to make a contrarian bet on crypto during the bear market
Dunhill Ventures and subsidiary Dunhill Financial placing $3 million initial investment into Mocha Ventures crypto VC fund
Mocha Ventures aims to close a 30 million euro fund focused on DeFi and crypto payments in emerging markets
Mocha Ventures gets access to Dunhill's network of family offices in Asia and Middle East
Dunhill historically known for luxury goods; sees crypto as a contrarian opportunity like the early auto industry

coindesk.com

Relevant topic timeline:

10/9/2023

Munger Still Bearish On Crypto And AI Investments

Charlie Munger, the vice chairman of Berkshire Hathaway, believes that most digital assets, including Bitcoin, will eventually become worthless, and he considers investing in cryptocurrencies to be foolish. He is also skeptical of the hype surrounding artificial intelligence, stating that traditional intelligence is more effective.