Jul
25
Bankers Ditch Fat Salaries to Chase Digital Currency Riches
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Dealmakers and financiers find second wind in cryptocurrency
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‘There’s so much to imagine,’ ex-China Renaissance exec says
Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: initial coin offerings. The former China Renaissance deal-maker has since backed a clutch of cryptocoin sales that’ve raised millions — sometimes in seconds — often without a single product.
From Hong Kong and Beijing to London, accomplished financiers are abandoning lucrative careers to plunge into the murky world of ICOs, a way to amass quick money by selling digital tokens to investors sans banks or regulators. Cut out of the action, a growing cohort of banking professionals are instead applying their talents toward buying or hawking cryptocurrency…
Bankers Ditch Fat Salaries to Chase Digital Currency Riches
