Two former high-ranking Wall Street executives are returning to the bitcoin industry, starting a new consulting firm called x2B. Beginning in November 2024, this company will benefit from the substantial financial experience of Benoit Bosc, a former portfolio manager at Millennium Management, and Michael Bressler, a former executive vice president at Pimco.
x2B intends to help bitcoin projects by providing specialist guidance on fundraising, token launch methods, market making, and Treasury administration. Bosc and Bressler have previously held prominent positions at GSR, a leading crypto liquidity service. Bosc, a former Goldman Sachs crude oil trader, and Bressler, a former JPMorgan derivative trader, provide a distinct set of skills to assist in organizing cryptocurrency companies in a professional and transparent manner.
Bressler asserts that x2B occupies a unique position at the intersection of traditional banking and digital assets, offering a unique perspective on the intricacy of token launches that few in the finance sector possess. Ten clients have already signed up with the firm, and they will reimburse its services with a combination of cash and project tokens, showcasing their commitment to the projects they advise.
Bosc underlined that the crypto industry might benefit from improved professionalism and accountability, particularly as digital assets come under growing governmental scrutiny. He stated that x2B will advocate for stricter standards and greater clarity among key stakeholders involved in token launches, thereby strengthening market trust and stability.
This new enterprise is beginning at a time when the bitcoin sector is flourishing. Bitcoin just surpassed $80,000 for the first time, aided by a favorable market mood following the US presidential election. With renewed confidence about the role of crypto-friendly policies under a new administration, analysts predict further growth and regulation to promote the rise of digital assets both in the United States and around the world.
Bitcoin is currently trading near $82,000, indicating considerable gains for 2024, with prospects of further bullish momentum in the coming year.
