Tag Archives: Novogratz

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds. Launched Tuesday, the funds are designed for accredited institutional investors with standard tax documentation and client service support. The Galaxy Bitcoin Fund requires a $25,000 minimum investment with optional quarterly redemptions. The Galaxy Institutional Bitcoin Fund requires higher minimums […]

Michael Novogratz Likens Beyond Meat’s Surge to the Bitcoin Bubble

Michael Novogratz Likens Beyond Meat’s Surge to the Bitcoin Bubble

Billionaire hedge fund manager Michael Novogratz recently co-hosted CNBC’s morning slot Squawk Box. During his time on the show, he speculated on the Bitcoin price, stating that he doubts Bitcoin would dip below $5,000 again. He also spoke out on alternatives to popular modalities such as animal-free meat and virtual currency, saying prices are unnecessarily […]

Mike Novogratz: one of the social media cryptos could be a real currency

Mike Novogratz: one of the social media cryptos could be a real currency

Galaxy Digital’s Michael Novogratz recently joined CNBC to discuss all things cryptocurrency. Early in the interview, Novogratz reiterates his stance that Bitcoin serves more as a store of value, comparing the apex cryptocurrency to gold. He also stated that, like gold, Bitcoin won’t be used to purchase things and will remain limited to being a store of […]

$71 Million: Galaxy Digital Sells Stake in EOS Blockchain Maker Block.One

$71 Million: Galaxy Digital Sells Stake in EOS Blockchain Maker Block.One

Galaxy Digital, the crypto merchant bank founded by former hedge fund manager Michael Novogratz, has received $71.2 million after selling its shares in Block.one, the maker of the EOS blockchain. Galaxy Digital said in an announcement on May 21 that it closed the transaction on Monday after a tender offer for its position in Block.one was made on April 18. […]

Billionaire Novogratz: Altcoins Won’t Pump Like In 2017 Bull Run, Bitcoin Will Dominate

Billionaire Novogratz: Altcoins Won’t Pump Like In 2017 Bull Run, Bitcoin Will Dominate

It appears that cryptocurrency prices have finally begun to recover after enduring an extended bear market which lasted throughout 2018. As the market capitalization of Bitcoin (BTC) and other major cryptoassets continues to rise, several analysts have been drawing comparisons between what they’re seeing in the current market and what they observed during the historic bull market […]

‘WE ARE IN A BULL MARKET’ – NOVOGRATZ SAYS BITCOIN PRICE ‘SHOULD’ BE $20K BY 2021

‘WE ARE IN A BULL MARKET’ – NOVOGRATZ SAYS BITCOIN PRICE ‘SHOULD’ BE $20K BY 2021

BITCOIN TO $20,000 IN 18 MONTHS Bitcoin price $5988.61 +0.28% managed to reclaim the level of $6,000 for the first time in 6 months. Naturally, the cryptocurrency’s latest spike triggered quite a bit of interest from various industry proponents. Among them, Mike Novogratz has once again spoken up, saying that Bitcoin at $6,000 “probably is a stall point.” I […]

Crypto Fund Managers: Pensions Need Bitcoin “Now”

Crypto Fund Managers: Pensions Need Bitcoin “Now”

Millions the world over rely on pensions for their retirement. But, data gathered by Bloomberg and the American Federal Reserve has revealed that such funds, which act as economic lifelines for the soon-to-be-retired, aren’t doing too hot. In fact, Mark Yusko, a prominent American investor, recently claimed that the pension soon may get “truly ugly” […]

Galaxy Digital Raising $250 Million to Offer Loans to Crypto Firms: Report

Galaxy Digital Raising $250 Million to Offer Loans to Crypto Firms: Report

Galaxy Digital, the crypto merchant bank launched by former hedge fund manager Michael Novogratz, is reportedly raising $250 million to build a credit fund. A Business Insider report on Thursday citing “people familiar with the matter” said that the fund would offer loans in U.S. dollars to struggling crypto firms because the demand for credit is on […]