The CEO of investment house Gateway Partners, is shunning Bitcoin (BTC) and cryptocurrency in favor of more traditional investment strategies, Asia-focused business publication Nikkei Asian Review reported on Jan. 2.
Gateway Partners is an advisory and private equity company managed by Viswanathan Shankar, the former director of Standard Chartered (LON:STAN) group. Over the course of 2019, the company is reportedly planning to invest its first $757 million fund, and is working on deals in the United Arab Emirates, Saudi Arabia, and Egypt.