20 Apr '17, 5pm

Billionaire says he has 10% of his money in Bitcoin and Ether - CNNMoney

Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. "Ten percent of my net worth is in this space," Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he's a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008. It's the "best investment of my life," Novogratz said. Bitcoin was worth under $500 a year ago. Today the digital currency trades at over $1,200 . Back in 2013, Novogratz predicted Bitcoin's value would soar . He remembers people laughing at him at the time. Since then, Bitcoin's price has been on a wild run. It surged to nearly $1,000 in late 2013 and then fell to under $250 in 2015. It started to fly again last year, around the time of the Brexit vote. It su...

Full article: http://money.cnn.com/2017/04/20/investing/mike-novogratz-...

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money.cnn.com 20 Apr '17, 4pm

Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. "Ten percent of my net wo...

Billionaire Investor Has 10% of His Money in Bi...

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Twitter Linkedin Facebook Reddit Weibo Billionaire investor Mike Novogratz has said that he is holding ten percent of his ...

Hedge Fund Founder Invests 10% Net Worth into Bitcoin and Ether

Hedge Fund Founder Invests 10% Net Worth into B...

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The founder of Fortress Investment Group claims to have invested 10% of his overall net worth into cryptocurrencies. Speak...

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