26 Oct '13, 11am

Manager Of $55 Billion Hedge Fund Is Bullish On Bitcoin

Given that Bitcoin may ultimately make firms like Fortress - that rely on fiat specie - redundant, then doesn't the endorsement of Bitcoin by one of the world's largest Private Equity firms reek of the ultimate failure of BTC as a monetary construct, and seem much more to be merely an attempt by the firm to herd even more momentum chasers into a trade (ostensibly one for Novogratz P.A.) that will be then unwound with Bitcoins ultimately converted into the same dollar they are supposed to replace?

Full article: http://www.businessinsider.com/figs-novogratz-is-bullish-...

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