An early proponent of cryptocurrency and one of the most well-known Bitcoin bulls, Mike Novogratz continues to tout the value of cryptocurrency and push institutional investors towards a new era of finance.
A former portfolio manager for Fortress Investment Group and Partner at Goldman Sachs, Mike Novogratz has uniquely poised himself as an early cryptocurrency bull with an institutional investment background - bridging the gap between shifting sentiment regarding cryptocurrency investing today.
Earlier this month, Novogratz raised $250 million USD to launch a cryptocurrency merchant bank known as Galaxy Digital.
The nascent investment firm will host a cryptocurrency trading desk, offer asset management and advising services, and invest in emerging blockchain projects - setting out to become the "Goldman Sachs of crypto."
The BGCI partnership indicates radical shifts in institutional investor sentiment regarding cryptocurrency, as the market demands a better benchmark for an overview of value.
"Today's launch of the Bloomberg Galaxy Crypto Index reflects our clients' growing interest in cryptocurrencies The index brings our rigorous approach to index construction to cryptos and will provide investors with a transparent benchmark to gauge the performance of the broader market."
According to CNN, Novogratz has even predicted that the New York Stock Exchange will implement cryptocurrency trading desks within the next six months.
This prediction falls in line with recent announcements that Goldman Sachs will be opening a bitcoin futures trading desk.
To view the full interview with Mike Novogratz, please see this link.
The easiest way to stay current with the most important blockchain news and crypto insights.
Billionaire Mike Novogratz Says It's 'Almost Irresponsible' to Not Invest in Bitcoin
Publié le May 13, 2018
by Cryptoslate | Publié le Coinage
Coinage
Mentionné dans cet article
Nouvelles récentes
Voir tout
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.