Crypto Diehard Novogratz: Big Brother’s Presence Is Bullish For Bitcoin (BTC)

Big Brother Is Here, And That’s Good For Crypto Bitcoin’s value proposition has taken a number of forms over the project’s decade-long lifespan. While theses regarding the de-facto “digital gold” status of Bitcoin (BTC) have become popular, what has slipped under the radar is the value that the cryptocurrency poses in a digitized authoritarian society. Mike Novogratz, the chief executive of crypto merchant bank Galaxy Digital, touched on this subject matter on Wednesday, as he released a tweet touching on the importance of Bitcoin in a Big Brother-run state. This…

Mike Novogratz Argues that Bitcoin Will Eventually Become Digital Gold

Photo: QuoteInspector Bitcoin bull Mike Novogratz is never shy when expressing his optimism about Bitcoin (BTC). The former Goldman Sachs partner and founder of Galaxy Digital Bank believe BTC occupies a unique segment in crypto land. He named the digital currency as ‘digital gold.’ Also, he said that its role in the cryptocurrency market is comparable to that of gold on the periodic table. Novogratz made these remarks during an exclusive interview with Bloomberg TV on February 13. He was speaking on the sidelines of the Milken Institute MENA Summit…

Crypto Institutional Investment Coming | So Says Mike Novogratz

According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year. If this were to be the case, digital coins would most likely rally significantly. Crypto Institutional Investment In an interview with Bloomberg Television, the crypto magnate said the following about digital currency, which he dubs ‘smart money’: “All the architecture that institutions need to feel comfortable with this is being put in place […] You’re going to start to see custody come online.” Crypto Institutional Investment Needs Custody Solution The…

Mike Novogratz: All the Big Macro Funds Should Hold at Least Small Percentage in Bitcoin

Mike Novogratz, the chief executive of the TSX-listed Galaxy Digital, made a surprising remark that came straight out of left field saying that he doesn’t understand why large macro funds don’t have a 1% position in Bitcoin (BTC). Except Bakkt, there is a platform for trading and storing cryptocurrency – Fidelity Digital Asset Services, which is at the final stage of testing. And Bitcoin ETF, which has not yet been approved by the US Securities and Exchange Commission. In a tweet issued on Saturday, Mike Novogratz, the chief executive of…

Bitcoin Bull Novogratz: It’s Still Months Before Crypto “Heads North”

Novogratz Doesn’t Expect Bitcoin To Head North For A Few More Months Mike Novogratz, a Wall Street legend with decades of experience as an institutional hotshot, made a full transition into Bitcoin (BTC) just years ago, as he saw a potential that was reminiscent of that seen during the early Internet. While the former Goldman Sachs partner tweeted incessantly about the subject matter in 2017 & early-2018, he started to fall silent in the waning months of yesteryear, as BTC and other cryptocurrencies lost steam en-masse. However, after a seeming hiatus…

Bitcoin Bull Novogratz: It’s Still Months Before Crypto “Heads North”

Novogratz Doesn’t Expect Bitcoin To Head North For A Few More Months Mike Novogratz, a Wall Street legend with decades of experience as an institutional hotshot, made a full transition into Bitcoin (BTC) just years ago, as he saw a potential that was reminiscent of that seen during the early Internet. While the former Goldman Sachs partner tweeted incessantly about the subject matter in 2017 & early-2018, he started to fall silent in the waning months of yesteryear, as BTC and other cryptocurrencies lost steam en-masse. However, after a seeming hiatus…

Bitcoin Believer Novogratz May Salvage Struggling Crypto Startups With $250M

There may be a drought in the broader retail Bitcoin market, but in the crypto financier space, spirits seem to be as high as ever. Well, that’s what Mike Novogratz, the founder of merchant bank Galaxy Digital, thinks anyway. Just recently, the former Wall Street investor, who held stints at Fortress Financial and Goldman Sachs, purportedly began a search for funding in the nine-digit realm. Related Reading: Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market Fervent Bitcoin Bull Novogratz Pushes The Envelope Over recent years, Novogratz, often deemed crypto’s most…

Mike Novogratz Ups His Shares of Galaxy Digital Now Owning almost 80% in Total

Photo: Coinspeaker While the crypto community is still under the pressure of the bear market, ex-Goldman Sachs partner, Bitcoin bull Mike Novogratz remains rather optimistic about the future of cryptocurrencies. Though his forecasts about Bitcoin reaching $10,000 by the end of 2018 didn’t manage to be translated into life, he still believes that we could see significant institutional money flow in the first half 2019 which would have a positive influence on Bitcoin price. What’s more, as it has become known, Novogratz has taken a decision to increase his shares of a crypto-focused…

Bitcoin Bull Novogratz Doubles Down On Crypto, Now Owns 80% Of Galaxy Digital

Bitcoin Bull Novogratz Nows Owns 80% Of His Crypto Firm Mike Novogratz, formerly of Fortress Financial, went all-in on crypto following his stint at Wall Street giant Fortress Investments. After retiring from the investment group in 2015, rumor has it that he went on a personal journey, finding Bitcoin (BTC) in the process. And since then, he has only expressed his support for this nascent asset class, once stating that he held 20% of his personal net worth in BTC and Ether (ETH). Novogratz has also launched his own crypto-centric…

Mike Novogratz Ups Stake in Galaxy Digital to Own Almost 80% of Shares

Ex-Goldman Sachs partner Mike Novogratz has increased his shares of Galaxy Digital, the crypto-focused merchant bank he founded, Bloomberg reports on Jan. 2. Novogratz, who also serves as chief executive officer of the bank, now reportedly owns 221.2 million ordinary shares — which represents about 79.3% of ordinary shares assuming their conversion. Previously, he reportedly “beneficially owned 213.7 million Class B limited partnership units, representing about 76.6% of ordinary shares assuming conversion.” According to a statement made Wednesday and reported by Bloomberg, the CEO bought his 7.5 million new shares…