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Why Billionaire & Galaxy Digital CEO Michael Novogratz is Bullish on Bitcoin
Mike Novogratz (Billionaire* Ex-Hedge Fund & VC)
*Novogratz has gone back and forth between billionaire and former-billionaire status; currently his net worth is estimated ~$600M.
Michael Novogratz is the Founder, CEO, and Chairman of Galaxy Digital Holdings and was formerly a Partner at Fortress Investment Group, an asset manager with approximately $6 billion in assets under management (AUM), and prior to that he was a Partner at Goldman Sachs, where he worked for ~11 years with a focus on Asia and Latin America. He served on the Investment Advisory Committee of the New York Federal Reserve from 2012–2015. He serves on the boards of multiple non-profit organizations (including his own), and served as a U.S. Army Helicopter Pilot.
Novogratz’ foray into Bitcoin started with Ethereum when a friend of his who was usually considered a luddite called him asking for a deep dive on the crypto space. After an hour of initial online research, Novogratz said he felt strongly that this space would at least be a bubble with the amount of Libertarian and other anti-government groups worldwide. After making significant returns on Ethereum and seeing the crypto market persist through multiple market…
