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Moelis Likens Crypto to Gold Rush, Watches for Opportunities

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Ken Moelis, the eponymous founder of the investment bank, says he’s watching the cryptocurrency space for new business opportunities.

“Maybe on the personal side, definitely on the business side, we are focused on having expertise,” the Moelis & Co. chief executive officer said Tuesday during a Bloomberg Deals summit, when asked if he might invest in crypto. “It’s a big market, there’s a lot of capital in there, there’s a lot of projects,” though noting he remains cautious on the digital assets.