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Billionaire Bull Novogratz: Big Money is Coming to Bitcoin, Real Soon

“Mike Novogratz, a retired Wall Street macro fund manager, firmly believes that financial companies will start offering bitcoin as an investment option” writes unknown author for The former hedge fund manager of Fortress Investment Group believes that institutional investors will adopt bitcoin in the next six months.In September, Bloomberg reported that Novogratz started his own $500 million crypto-hedge fund to invest in digital currencies, ICOs and related companies.He is putting $150 million of his own money toward the fund and is planning on raising the remaining $350 million by January.At the time, Novogratz was speaking out against Dimon’s ‘bitcoin is a fraud’ remark, stating that as a banker Dimon had no choice, but to belittle the digital currency.

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