- Former Millennium and Pimco executives Benoit Bosc and Michael Bressler are re-entering crypto with the launch of their new advisory firm, x2B, in November.
- x2B will focus on crypto projects for advice on raising, tokenomics, market-making, exchange listing, and treasury management.
- A former JPMorgan derivative trader, Bressler points out that traditional finance lacks deep expertise in token launches.
A couple of Wall Street's former top investment executives are back into the crypto game, with plans to open a new crypto advisory firm, Bloomberg reported on Monday.
Following his exit from crypto liquidity firm GSR in 2023, former portfolio manager at Millennium Management Benoit Bosc and ex-Pimco Executive Vice President Michael Bressler are opening x2B, a crypto consultancy firm.
Set to launch in November, x2B will focus on guiding crypto projects in fundraising, tokenomics, market-maker strategy, exchange listings, and treasury management. Their return to the crypto sector coincides with a significant market rally following Donald Trump’s victory in the US presidential election.
Bosc and Bressler’s background and transition to x2B
Bosc and Bressler previously held senior roles at GSR, a leading crypto liquidity firm, with Bosc joining in 2022 and Bressler in 2021 before their positions at Millennium and Pimco. They left GSR in 2023, following the 2022 market crash.
As of now, x2B has ten clients and will earn fees from future project tokens and cash, Bressler said, according to Bloomberg. Bosc, who traded crude Oil at Goldman Sachs for nine and a half years, said the crypto market could benefit from a “more professional and transparent” outlook.
Bosc and Bressler are back in the crypto world at a time when Bitcoin (BTC) has hit $80,000 for the first time. This rally shows much bullish sentiment is expected for 2025, tapping into Donald Trump’s recent presidential victory. Industry experts said that Trump’s administration could contribute to developing the crypto space both in the United States and globally.
Source: Bitcoin 1-day chart
As of press time, Bitcoin trades at $82,000, up 2% on the day. BTC price has increased around 94% year-to-date, posting 16% gains in November so far.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin reaches new highs near $90,000, on-chain data show chances of pullback
Bitcoin hit a new all-time high of $89,900 on Tuesday before easing to around $86,000, following a 30% surge since November 5. Technical indicators suggest the rally may be overstretched, with a potential corrective pullback ahead.
GIGA investor loses $6M to phishing scam via fake Zoom link
On Monday, a Gigachad (GIGA) investor lost $6.09 million due to a phishing attack involving a fake Zoom link. Crypto investigation firm Scam Sniffer declared the scam that led the victim to a malicious site, compromising their wallet.
Tron, Avalanche and Uniswap: Double-digit gains on the cards, technical indicators show
Tron is breaking above an ascending triangle formation on Tuesday, signaling a potential rally continuation. While AVAX and UNI are retesting their crucial support level — if supported, this suggests an upside move — all three altcoins look poised for double-digit gains as the crypto rally continues.
BNB: Bullish technical pattern validated, eyes all-time high
Binance Coin trades slightly down on Tuesday after breaking above an ascending triangle formation on the weekly chart, following a 12.5% rally last week. The technical outlook suggests a bullish breakout pattern and continuation of the rally, with a target set for a new all-time high of $825.
Bitcoin: Further upside likely after hitting new all-time high
Bitcoin hit a fresh high of $76,849 on Thursday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned with the highest single-day inflow on Thursday since the ETFs’ launch in January.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.