Tag: Mike Novogratz

Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin

Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin

Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to […]

Continue Reading

Last Week 3 Bitcoin Funds Added 24,337 Bitcoins as BTC Price Approaches $19,000

Bitcoin funds continue to add more Bitcoins in huge numbers as the BTC price approaches $19,000 on Friday, November 20. Over the last week, three of the top four Bitcoin funds have accumulated nearly 25,000 Bitcoins. 3 Bitcoin funds bought up 24,337 BTC this week. There are only 21 million, and they’re going fast. pic.twitter.com/jsP0sU4CF1 […]

Continue Reading

Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada

Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada

Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin […]

Continue Reading

Galaxy Digital Acquires 2 Crypto Firms, Sees Big Wave of Institutional Demand for Bitcoin

Galaxy Digital Acquires 2 Crypto Firms, Sees Big Wave of Institutional Demand for Bitcoin

Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand” for bitcoin. Big Wave of Institutional Demand for Bitcoin Incoming Galaxy Digital Holdings announced Friday that it has acquired two cryptocurrency trading firms: Drawbridge Lending and Blue Fire Capital. New York City-headquartered crypto […]

Continue Reading

Bitcoin (BTC) Moves YTD High $14,700 – Chart Observers Predict Bull Run Eyeing Above $20,000

Leaving behind all the uncertainty with the U.S. Presidential Elections, Bitcoin has finally jumped 7% moving past $14,500 levels to hits its new 2020-high. At press time, Bitcoin (BTC) is trading at a price of $14,670 with a market cap of $271 billion. It is for the first time since January 2018 that Bitcoin has […]

Continue Reading

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […]

Continue Reading

Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset

Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset

When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are […]

Continue Reading

Galaxy Digital becomes a shareholder in ParaFi Capital to jointly co-invest in the DeFi space

Galaxy Digital becomes a shareholder in ParaFi Capital to jointly co-invest in the DeFi space

Mike Novogratz’s Galaxy Digital has become a minority shareholder in venture firm ParaFi Capital to jointly co-invest in the decentralized finance (DeFi) space. ParaFi said Galaxy’s strategic investment (undisclosed) would help drive further adoption of DeFi, especially among institutions. ParaFi’s other investors include Bain Capital Ventures and Henry Kravis, co-founder of private equity giant KKR […]

Continue Reading

Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold

Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold

Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold.Dangerous Time to Be in Stock Market, Buy […]

Continue Reading