Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now

Bitcoin is down more than 80% from its all-time high, dragging most major cryptocurrencies with it, including the likes of Ethereum and Ripple’s XRP. Despite this, Novogratz remains confident that Bitcoin will make a comeback A former partner at Goldman Sachs who is popularly called the “pretty face of cryptocurrency” Mike Novogratz, said that he is now the ugly face of the bust. Talking to Bloomberg, he pointed at SEC sanctions on certain ICOs and the uncertainty surrounding Bitcoin Cash’s hard fork as the reasons behind Bitcoin’s drastic fall from $6,200 to…

Mike Novogratz Adamant That Bitcoin (BTC) Won’t Fall To $0

Bitcoin fanatic and blockchain enthusiast Mike Novogratz, a former Wall Street hotshot, recently doubled-down on his pro-crypto sentiment, even while this infant market continues to fall victim to shortcomings. Revolutions Don’t Happen Overnight, Crypto Included In an exclusive interview with Bloomberg, Novogratz, a member of Fortress Financial’s top brass turned crypto-centric merchant bank chief, gave some key insight into his personal outlook for blockchain-based assets and decentralized applications. Surprisingly, the diehard, who reportedly holds upwards of 20% of his personal fortune in cryptocurrencies (like Ethereum’s ETH), maintained his optimistic outlook.…

Mike Novogratz Compares Current Bitcoin Markets to ‘Methadone Clinic’

Mike Novogratz compared current cryptocurrency  market performance to a “methadone clinic” in an interview with Bloomberg Dec. 11. During the interview, Bloomberg asked Novogratz how coming from Wall Street made him different from most of the cryptocurrency community, which seem to treat cryptocurrency “almost like a religion.” Novogratz answered that, while he believes in the underlying technology, “when prices get stupid,” he sells. Novogratz also characterized Bitcoin’s (BTC) enormous growth in late 2017 –– which peaked at $20,000 per coin –– “a drug.” He called the period a “speculative mania,”…

Mike Novogratz Expects Crypto Market Turnaround, Adoption in 2019

Frankly, it would be fair to say that bears have brutalized the crypto market and its constituents in 2018, throwing Bitcoin and its altcoin brethren off metaphorical cliffs. However, in spite of the widespread carnage, some innovators remain tunnel-visioned, focused on bolstering the nascent crypto and blockchain ecosystem with no holds barred. Regulatory Fears Remain, but Galaxy Digital Bets on “Big Adaptation” Speaking on a conference call Friday, presumably to address his firm’s dismal financial report, Mike Novogratz, Galaxy Digital CEO, did his utmost best to maintain an upbeat tone. As…

Mike Novogratz: A $136 million loss is negligible compared to projected crypto returns in 2019

Even after his company, Galaxy Digital Holdings, closing the year with a 136 million U.S dollars gaping hole in its balance sheet, Mike Novogratz is not giving up on cryptocurrencies. Mike projects massive crypto returns in 2019 and beyond. Mike notes that although he has all reasons to be depressed, there will be “a big adaption in 2019 and 2020.” However, the CEO notes the expected crypto returns are currently buried in the ‘horrible bear market in tokens.’ Novogratz blamed the current bearish momentum on things like a rejection of…

Forget About Bitcoin Cash War, Mike Novogratz Turns to Tokenization of Real Estate

Photo: Trung Kien / Flickr The market of digital assets is shattering and the league of crypto-enthusiast who once predicted skyrocketing soars, now develop new concepts to fight the current plummeting and breath new life into cryptos. Mike Novogratz is a vivid example of Bitcoin bull who used to give a cheerful keynote to crypto-investors saying that Bitcoin and other cryptos reaching the bottomline is a common thing for the emerging market of digital assets. Moreover, previously in September, Coinspeaker reported the Novogratz’s statement of $10,000-worth Bitcoin by the end…

Coinbase’s Mike Lempres, Galaxy Digital’s Mike Novogratz, High Fidelity’s Philip Rosedale and Edelman’s Margot Edelman to Judge Block.one’s EOS Hackathon San Francisco

Global-leading panei also includes Block.one President Rob Jesudason and Chief Technology Officer Dan Larimer Block.one, publisher of the ground-breaking EOSIO blockchain software protocol, today announced that Mike Lempres, Chief Policy Officer at Coinbase, Galaxy Digital Founder and CEO Mike Novogratz, Edelman Public Relations Vice President Margot Edelman, and High Fidelity co-founder and CEO Philip Rosedale will participate as judges at its EOS Global Hackathon event in San Francisco on November 10-11. The event, which will be opened by Block.one CEO Brendan Blumer, will also feature on its panei of judges…

Bitcoin Bull Mike Novogratz Predicts a New Record High for 2019

This year so far has been the year of huge corrections and regulations for Bitcoin and the overall crypto market. The Bitcoin price is down by nearly 70% from its peak of $20000, as the world’s largest cryptocurrency is now forming a new base at $6000. However, this hasn’t stopped many Bitcoin enthusiasts from making predictions for the next BTC bull run. Hedge fund titan and Bitcoin bull Mike Novogratz predicts that Bitcoin price will set a new record in 2019 breaking all previous highs. Novogratz is betting big on…

Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz

Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance group MACSF and Mike Novogratz’s digital asset merchant bank Galaxy Digital. Mike Novogratz’ Galaxy Digital Backs Cryptocurrency Giant Bitfury with $80 million The digital currency mining startup was reportedly considering a $5 billion crypto IPO, with a plan to go public in…

After ‘Taking out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Digital’s Novogratz

Galaxy Digital CEO Michael Novogratz delivered a fresh bullish price prediction for Bitcoin (BTC) Nov. 5. Novogratz told U.K. business publication Financial News that the leading cryptocurrency could hit highs of “$20,000 or more” in 2019. Speaking to the publication, Novogratz, who is well known for his optimistic outlook for Bitcoin prices, forecast BTC/USD to end this year at around $8,900. “Bitcoin has to take out $6,800, and after that we could end the year at $8,800-9,000,” he said. The largest cryptocurrency has refrained from any marked movements up or…