Billionaire investor announces he has put 10% of his money into Bitcoin and Ethereum

A former hedge fund manager and partner over at Goldman Sachs announced on April 19 at a forum at Harvard University that he has put 10% of his net worth into Bitcoin and Ethereum.

Billionaire Mike Novogratz also stated that he considers his investment into crypto-currencies as the ‘best investment of his life’, and considers that these and other forms of blockchain based currencies will be the future of money and finance.

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Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. 

“Ten percent of my net worth is in this space,” Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he’s a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008. 

It’s the “best investment of my life,” Novogratz said. – CNN Money


Source: The Daily Economist