Michael Novogratz News

Michael Novogratz is an ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency. Michael Novogratz’s Bitcoin involvement started when he bought cryptocurrency for the first time before his retirement from Fortress and becoming the CEO of Galaxy Investment Partners — a cryptocurrency investment firm. In 2012, Michael Novogratz’s net worth was about $500 million. In 2017, he revealed that 20 percent of his net worth is held in Bitcoin and Ethereum, from which he received over $250 million in profit. It is paradoxical that Michael Novogratz called cryptocurrency a bubble. However, he continues to invest in Bitcoin technology-related projects due to their high returns.

After ‘Taking out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Digital’s Novogratz

NOV 06, 2018 | by William Suberg

A roof around $6,800 is a decisive factor in determining whether Bitcoin reaches $9,000 before the end of 2018, Galaxy Digital CEO says.

17124 | 4

Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

OCT 19, 2018 | by William Suberg

Tether’s offshore operations detract from its transparency versus other stablecoins, Mike Novogratz told Bloomberg.

6737 | 2

Goldman Sachs and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm

OCT 18, 2018 | by Ana Berman

U.S. crypto wallet and blockchain security firm BitGo gets $15 million from banking giant Goldman Sachs and Galaxy Digital’s Mike Novogratz.

10814 | 1

Mike Novogratz: Institutions Will Get Into Bitcoin in Q1-Q2 2019 Bringing ‘New Highs’

OCT 16, 2018 | by William Suberg

After Fidelity Investments’ custody solution announcement, Mike Novogratz is eyeing a mass institutional entry in the next six months.

22318 | 6

Bitcoin Won't Break $9,000 This Year, Galaxy Digital’s Novogratz Says

OCT 04, 2018 | by Ana Berman

Galaxy Digital CEO Mike Novogratz says Bitcoin is not likely to reach $9,000 in 2018, stressing the industry is selling crypto "just to fund the burn rate.”

19542 | 9

Bitcoin Wobbles on 2 Percent Drop as Altcoins Fall Harder

OCT 03, 2018 | by William Suberg

Bitcoin manages to scrape smaller losses on Wednesday, while altcoins continue to erase previous gains.

5810 | 1

Crypto Markets See Mixed Signals, Ethereum Beats Ripple by Market Cap

SEP 22, 2018 | by Helen Partz

Crypto markets hold their recent gains, ETH takes back the second position on the market over XRP by market cap.

26085 | 1

Bitcoin ‘Seller Fatigue’ Means Market Has Bottomed, Michael Novogratz Tells Yahoo

SEP 21, 2018 | by William Suberg

Michael Novogratz has again called the end of the 2018 crypto bear market, claiming this week marked the bottom for prices.

18581 | 1

Galaxy Digital CEO Mike Novogratz Calls Crypto Price Bottom

SEP 14, 2018 | by Ana Alexandre

Galaxy Digital CEO Mike Novogratz said cryptocurrency prices have found a bottom, noting that “markets like to retrace to the breakout.”

24226 | 3

Shares in Novogratz’s Crypto Bank Galaxy Digital Plunge 20% in Toronto Exchange Debut

AUG 02, 2018 | by Marie Huillet

Shares in Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital LP, plunged 20 percent during their trading debut on a Canadian stock exchange Wednesday...

18309 | 5

Novogratz’s Crypto Bank Galaxy Digital to Start Trading Aug. 1 on Canadian Exchange

JUL 30, 2018 | by Marie Huillet

Crypto-focused merchant bank, Galaxy Digital LP, is set to begin trading on Canada’s TSX Venture Exchange on August 1st.

15245 |

Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle

JUL 20, 2018 | by Marie Huillet

Bitcoin (BTC) has split off from other top cryptocurrencies and shows more resilience in holding on to gains secured in this week’s major upswing.

24246 | 4

Wall Street Exec Mike Novogratz: Crypto, Blockchain Mass Adoption Is ‘5 to 6 Years Away’

JUL 19, 2018 | by Helen Partz

Mike Novogratz makes the bet that a “herd of institutions” will embrace crypto and blockchain “in the next two to three years.”

28785 | 5

Bloomberg Terminal Lists Crypto Market Index From World’s Third Largest Exchange Huobi

JUN 21, 2018 | by Molly Jane Zuckerman

Crypto exchange Huobi’s top ten cryptocurrency index will now be listed on financial data monitoring service Bloomberg Terminal, along with nine other crypto tr...

16867 |

Bloomberg Partners Novogratz’s Galaxy Digital Capital To Release Crypto Benchmark Index

MAY 09, 2018 | by Molly Jane Zuckerman

Bloomberg and Mike Novogratz’s crypto merchant bank have announced a collaborative launch of a crypto benchmark index.

30947 | 1

Most Cryptocurrencies Are Doomed to Fail, But There’s Money to Be Made, Says Credo CIO

JAN 17, 2018 | by Darryn Pollock

A traditional investment officer sees money in cryptocurrencies, but not a long-term future.

110024 | 34

Ethereum Surpasses $1,000 For the First Time, Factors Behind Increase

JAN 05, 2018 | by Joseph Young

The recent surge in Ether price can be largely attributed to two main factors: the abrupt surge in the value of Ripple and the rising user activity of DApps.

77164 | 9

Billionaire Fortress Investor: Cryptocurrencies Will Be Worth $5 Trillion by 2022

JUN 29, 2017 | by Joseph Young

Billionaire investor Michael Novogratz explains that the cryptocurrency market will be worth $5 trillion by 2022.

71759 | 23

Billionaire Investor Believes Bitcoin Will Reach $10,000 by End of Year

NOV 22, 2017 | by Jacob J

Billionaire Bitcoin investor Mike Novogratz believes the currency will hit $10,000 by year end.

69406 | 8

Crypto Hedge Fund Pantera Capital: BTC Will ‘Highly Likely’ Break $20,000 This Year

APR 14, 2018 | by Molly Jane Zuckerman

Cryptocurrency hedge fund says that BTC’s drop to $6,500 was most likely a low for the currency, which will “most likely” surpass $20,000 again this year.

48685 |

Novogratz: Rubbishes Bitcoin Bubble, $40,000 In December 2018

NOV 28, 2017 | by Gareth Jenkinson

Hedge fund legend Mike Novogratz doesn’t agree with ‘Bitcoin bubble’ rhetoric - predicts $40,000 in 12 months.

41578 | 9

Wall Street-Turned-Crypto Exec Novogratz Says ‘Enough Already’ To BCH-Promoting Tweet

MAY 06, 2018 | by Maxwell William

Ex-hedge fund manager Mike Novogratz weighs in on the BTC/BCH debate, making it clear he thinks BTC is the true Bitcoin.

40499 | 10

Goldman Sachs CEO Open to Considering Bitcoin Trading Once Currency Becomes Established

NOV 30, 2017 | by Jacob J

Unlike many bankers, Goldman CEO maintains neutral view of Bitcoin, cites both benefits and risks.

40327 | 9

Billionaire Investor Holds 10 Percent of His Life Savings in Bitcoin, Predicts Price to Hit $2,000

APR 21, 2017 | by Joseph Young

Billionaire hedge fund investor Mike Novogratz, who made it into the Forbes billionaire list in 2008, revealed that he holds 10 percent of his net worth in bitc...

32683 | 7

Bloomberg Partners Novogratz’s Galaxy Digital Capital To Release Crypto Benchmark Index

MAY 09, 2018 | by Molly Jane Zuckerman

Bloomberg and Mike Novogratz’s crypto merchant bank have announced a collaborative launch of a crypto benchmark index.

30947 | 1

Wall Street Exec Mike Novogratz: Crypto, Blockchain Mass Adoption Is ‘5 to 6 Years Away’

JUL 19, 2018 | by Helen Partz

Mike Novogratz makes the bet that a “herd of institutions” will embrace crypto and blockchain “in the next two to three years.”

28785 | 5

Crypto Markets See Mixed Signals, Ethereum Beats Ripple by Market Cap

SEP 22, 2018 | by Helen Partz

Crypto markets hold their recent gains, ETH takes back the second position on the market over XRP by market cap.

26085 | 1

Bitcoin Price Reaching $10k by April 2018 ‘No Surprise’: Mike Novogratz

OCT 11, 2017 | by William Suberg

Hedge fund mogul Mike Novogratz has said he “would not be surprised” if Bitcoin were over $10,000 in the next six months.

25884 | 4

Billionaire Investor Novogratz: Institutional Investors Will Soon Adopt Bitcoin

NOV 14, 2017 | by Joseph Young

Millionaire Hedge Fund Legend and former Fortress Executive Mike Novogratz stated institutional investors are close to adopting Bitcoin.

25459 | 6

Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle

JUL 20, 2018 | by Marie Huillet

Bitcoin (BTC) has split off from other top cryptocurrencies and shows more resilience in holding on to gains secured in this week’s major upswing.

24246 | 4

Most Cryptocurrencies Are Doomed to Fail, But There’s Money to Be Made, Says Credo CIO

JAN 17, 2018 | by Darryn Pollock

A traditional investment officer sees money in cryptocurrencies, but not a long-term future.

110024 | 34

Just More FUD: Citadel CEO Wary of Bitcoin Bubble

NOV 30, 2017 | by Gareth Jenkinson

Citadel CEO warns that confusion between Bitcoin and its Blockchain could burst the bubble.

23349 | 33

Billionaire Fortress Investor: Cryptocurrencies Will Be Worth $5 Trillion by 2022

JUN 29, 2017 | by Joseph Young

Billionaire investor Michael Novogratz explains that the cryptocurrency market will be worth $5 trillion by 2022.

71759 | 23

Wall Street-Turned-Crypto Exec Novogratz Says ‘Enough Already’ To BCH-Promoting Tweet

MAY 06, 2018 | by Maxwell William

Ex-hedge fund manager Mike Novogratz weighs in on the BTC/BCH debate, making it clear he thinks BTC is the true Bitcoin.

40499 | 10

Goldman Sachs CEO Open to Considering Bitcoin Trading Once Currency Becomes Established

NOV 30, 2017 | by Jacob J

Unlike many bankers, Goldman CEO maintains neutral view of Bitcoin, cites both benefits and risks.

40327 | 9

Bitcoin Won't Break $9,000 This Year, Galaxy Digital’s Novogratz Says

OCT 04, 2018 | by Ana Berman

Galaxy Digital CEO Mike Novogratz says Bitcoin is not likely to reach $9,000 in 2018, stressing the industry is selling crypto "just to fund the burn rate.”

19542 | 9

Ethereum Surpasses $1,000 For the First Time, Factors Behind Increase

JAN 05, 2018 | by Joseph Young

The recent surge in Ether price can be largely attributed to two main factors: the abrupt surge in the value of Ripple and the rising user activity of DApps.

77164 | 9

Billionaire Investor Believes Bitcoin Will Reach $10,000 by End of Year

NOV 22, 2017 | by Jacob J

Billionaire Bitcoin investor Mike Novogratz believes the currency will hit $10,000 by year end.

69406 | 8

Novogratz: Rubbishes Bitcoin Bubble, $40,000 In December 2018

NOV 28, 2017 | by Gareth Jenkinson

Hedge fund legend Mike Novogratz doesn’t agree with ‘Bitcoin bubble’ rhetoric - predicts $40,000 in 12 months.

41578 | 9

Regulators Could Start Stirring Again if Bitcoin Continues Rising: Mike Novogratz

DEC 06, 2017 | by Darryn Pollock

Bitcoin is starting to make a lot of noise which could attract unwanted attention from regulators.

18985 | 8

Billionaire Investor Holds 10 Percent of His Life Savings in Bitcoin, Predicts Price to Hit $2,000

APR 21, 2017 | by Joseph Young

Billionaire hedge fund investor Mike Novogratz, who made it into the Forbes billionaire list in 2008, revealed that he holds 10 percent of his net worth in bitc...

32683 | 7

Mike Novogratz: Institutions Will Get Into Bitcoin in Q1-Q2 2019 Bringing ‘New Highs’

OCT 16, 2018 | by William Suberg

After Fidelity Investments’ custody solution announcement, Mike Novogratz is eyeing a mass institutional entry in the next six months.

22318 | 6

Billionaire Investor Novogratz: Institutional Investors Will Soon Adopt Bitcoin

NOV 14, 2017 | by Joseph Young

Millionaire Hedge Fund Legend and former Fortress Executive Mike Novogratz stated institutional investors are close to adopting Bitcoin.

25459 | 6

Wall Street Exec Mike Novogratz: Crypto, Blockchain Mass Adoption Is ‘5 to 6 Years Away’

JUL 19, 2018 | by Helen Partz

Mike Novogratz makes the bet that a “herd of institutions” will embrace crypto and blockchain “in the next two to three years.”

28785 | 5

Shares in Novogratz’s Crypto Bank Galaxy Digital Plunge 20% in Toronto Exchange Debut

AUG 02, 2018 | by Marie Huillet

Shares in Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital LP, plunged 20 percent during their trading debut on a Canadian stock exchange Wednesday...

18309 | 5