Mike Novogratz Explains Why He’s Still All-In on Crypto
No one on Wall Street embraced cryptocurrencies with as much gusto as legendary trader Mike Novogratz. After Jamie Dimon called Bitcoin a “fraud”in September 2017, Novo, as he’s known, predicted, correctly, it would hit $10,000 and keep climbing. The former hedge fund manager and Goldman Sachs Group Inc. partner became an unlikely hero of the […]
Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months
The bad year for traders at Mike Novogratz’s cryptocurrency merchant bank got even worse in the third quarter — and that was before the market fell out of bed this month. Net realized and unrealized losses on digital assets at Galaxy Digital Holdings LP’s trading operation totaled about $41 million in the third quarter, bringing […]
Bitcoin’s ‘Patient Zero’ Says Crypto an Experiment That May Fail
Bitcoin is an intellectual experiment that could take years to prove successful, if it does at all, according to Xapo founder Wences Casares. “It may work, it might not work,” Casares said Monday in a Bloomberg Television interview. “We are in the equivalent of 1992 for the internet.” The Argentine entrepreneur — dubbed “Patient Zero” […]
Mike Novogratz: Bitcoin is ready to grow again
Bitcoin bull Mike Novogratz thinks the cryptocurrency is poised for major growth. “You’re seeing now institutions moving in,” the founder and CEO of Galaxy Digital told CNN international correspondent Paula Newton on CNNMoney’s “Markets Now” on Wednesday. Novogratz pointed out that exchanges and big companies are starting to take the cryptocurrency more seriously. “Starbucks and […]
