Balaji Srinivasan’s Prediction On China’s Role in Crypto Crash and His Top 5 Investments

2. Ethereum    

Ethereum is the second most popular cryptocurrency in the world that uses blockchain technology to offer financial services. It is placed second on our list of top 10 investments of Balaji Srinivasan. Srinivasan was one of the angel investors in the cryptocurrency that has climbed to record highs this year, although its value has fallen in recent days amid a broader crypto-related lull in the market on the back of social media speculation and reports of governmental regulations on crypto transactions.

Many big firms have backed crypto like Ethereum to succeed, including financial services company PayPal Holdings, Inc. (NASDAQ: PYPL). The firm, which is based in Palo Alto, recently allowed users on its platform to checkout with cryptocurrency. PayPal Holdings, Inc. (NASDAQ: PYPL) has a market cap of over $280 billion. 

At the end of the fourth quarter of 2020, 147 hedge funds in the database of Insider Monkey held stakes worth $15.9 billion in PayPal Holdings, Inc. (NASDAQ: PYPL), down from 150 in the preceding quarter worth $11.5 billion.