Crypto at 'the point of no return' according to the Augmentum trust

Trust eyeing pick and shovel companies

Tim Levene, CEO of Augmentum Fintech investment company, believes cryptocurrencies have reached "a point of no return”.

The CEO and investment manager of the £147m investment company said when studying the impact of the pandemic, he has been considering which parts of the financial technology industry have seen the most substantial change. "Crypto and digital assets are areas where we have taken a much closer look and we have taken some exposure there," he said. Levene is not looking to purchase cryptocurrencies themselves but rather the digital infrastructure behind it. "There is going to be a continued institutionalisation of this sector," he highlighted. FCA warns on UK crypto use increase des...