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With a decades-long track record of making space a profitable business, Luxembourg is betting big on everything from space resources, satellites and training the next generation of space entrepreneurs.
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Investing in the future of the crypto industry doesn’t need to require buying digital currencies, according to a PGIM executive. 
Investors should focus on the so-called picks and shovels of the crypto arena, who are helping to build out the industry’s infrastructure, Taimur Hyat, PGIM chief operating officer, said. While speculative traders may be able to turn a quick profit, there’s not a long-term case for buying actual cryptocurrencies, which Hyat says are highly correlated with equities and offer no portfolio diversification benefits. 


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