SuperyachtNews.com - Opinion - Crypto billionaires and superyachts - a relationship doomed from the start?

By SuperyachtNews

Crypto billionaires and superyachts - a relationship doomed from the start?

Young crypto billionaires appear unimpressed by the superyacht industry, and it doesn’t look like it will change any time soon…

When Kyle Davies and Zhu Su, the Founders of Three Arrows Capital, placed a downpayment of $50 million for a superyacht, it was done purely to impress their peers - not an uncommon motivation to buy a superyacht. Allegedly, the crypto billionaires wanted their vessel to be larger than any other yacht owned by anyone in Singapore. They were young and ambitious and wanted to prove to their big investors that money was (quite literally) no object in the crypto sphere.

Sign in to your membership to read the rest of this article

Don’t have a membership? Join Now.

Related news

Image for British company aims to attract superyacht owners with flying car concept

British company aims to attract superyacht owners with flying car concept

The new electric vertical takeoff and landing vehicle has been named "The Axe"

Owner

Image for AkzoNobel publish financial results for second quarter 2022

AkzoNobel publish financial results for second quarter 2022

Revenue is up 14 per cent despite lockdowns in China and destocking in EMEA DIY channels

Business

Image for Pelorus partner with Oceanco to bring utility to superyacht NFTS

Pelorus partner with Oceanco to bring utility to superyacht NFTS

Pelorus have agreed to develop a series of experiences and benefits for holders of ‘Superyacht NFTs’

Owner

Image for A new kind of client

A new kind of client

Could the superyacht industry benefit from learning how to speak the language of the internet

Opinion

Image for From Manhattan to Miami

From Manhattan to Miami

Why the migration of UHNWIs from New York to Florida was so important for the superyacht industry

Owner

Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on