Two experienced finance veterans are reentering the cryptocurrency space as the industry celebrates the reelection of pro-crypto President Donald Trump. Benoit Bosc, previously a portfolio manager at Millennium Management LLC, and Michael Bressler, a former Executive Vice President at Pacific Investment Management Co. (Pimco), have co-founded x2B, an advisory firm aimed at guiding digital asset projects.
Bosc and Bressler Launch x2B to Support Crypto Ventures
After recently leaving their positions in traditional finance—Bosc in October and Bressler in August—the two have merged their expertise to establish x2B. This new consultancy, as reported by Bloomberg, will provide comprehensive support to digital-asset initiatives, focusing on fundraising, token launches, treasury management, and market-making strategies.
Bosc brings experience from his former role as U.S. general manager at GSR, a digital-asset market-making firm, while Bressler’s background includes a leadership position as GSR’s global head of sales. Their combined knowledge positions x2B to bridge the gap between traditional and digital finance.
Token Launches Facing Critical Challenges
In an interview, Bressler emphasized the importance of understanding the complexities of token launches—a sector where many projects have encountered setbacks due to structural issues and high initial pricing. Bosc highlighted x2B’s commitment to raising industry standards by promoting transparency and accountability among market participants.
Surge in Crypto Market Following Trump’s Reelection
The reentry of Bosc and Bressler into crypto aligns with an industry-wide surge, underscored by Bitcoin’s record-breaking climb past $82,000. This growth is partly attributed to favorable sentiments surrounding Trump’s reelection, which many believe could positively impact the cryptocurrency sector both in the U.S. and globally.
Currently, Bitcoin is trading at $81,331, marking a 3% increase in the past day. Overall, the cryptocurrency has gained 85% this year, with a 30% rise over the last month alone.
Rising Exchange Traffic Highlights Renewed Retail Interest
Traffic to the top 20 cryptocurrency exchanges saw an 8% rise in October, driven by renewed retail interest. Leading platforms like Pump Fun, BullX, and Uniswap experienced significant monthly growth in visits. Binance, WhiteBit, and Coinbase attracted the highest traffic, drawing in 54 million, 33 million, and 30 million visits, respectively.
The increase in exchange activity aligns with positive market signals, such as a $1.1 billion rise in open interest for Bitcoin futures on the Chicago Mercantile Exchange. Additional factors, including expectations of lower interest rates and strong inflows into Bitcoin exchange-traded funds (ETFs), have contributed to the market rally.
Stablecoin Inflows Signal Continued Market Confidence
An influx of $9.3 billion in stablecoins to exchanges on November 7 reflects growing investor confidence, with many interpreting this as an indication of further market gains.
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