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Mike Novogratz Has Poured 50% of His Net Assets Into Cryptocurrencies
Summary: Mike Novogratz, Galaxy Digital founder and CEO has invested 50% of net assets into cryptocurrencies, he revealed this information in an interview with CNN today. It is reported that Novogratz's personal net worth is approximately $700 million. Novogratz also stated that he has changed his previous investment advice: "I think a new investor could put ...
Mike Novogratz, Galaxy Digital founder and CEO has invested 50% of net assets into cryptocurrencies, he revealed this information in an interview with CNN today. It is reported that Novogratz's personal net worth is approximately $700 million.
Novogratz also stated that he has changed his previous investment advice: "I think a new investor could put 5% into Bitcoin...Bitcoin’s not going back to zero... It could certainly trade back to $14,000--you could lose 30-40%, but you’re not losing 80-90% of your money." Bitpush previously reported that in November, Novogratz suggested people invest up to 3% of their capital in Bitcoin and hold it for 5 years.
By Mary Liu
Tags: Bitcoin,Cryptocurrency,Galaxy Digital,Mike Novogratz
Link: Mike Novogratz Has Poured 50% of His Net Assets Into Cryptocurrencies [Copy]
