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RE: Mike Novogratz - "Impossible for Bitcoin not to get to $10k this year"
I’m thinking that he needs to make all the hundreds of millions he lost back before the end of the year 😂
I’m thinking that he needs to make all the hundreds of millions he lost back before the end of the year 😂
He was actually selling a lot of his holdings in December of 2017, and shorting things in January and February of 2018. Something tells me he didn't loose too much money ;)
Really? I heard his fund was down huge! His trades should be on the blockchain 😂
Yea, I mean he said he was selling his Bitcoin and Ether back in December, back in December. He also said hew as short a number of altcoins when they ran up in January saying valuations didn't' make sense on most altcoins. Do you have a link about his fund being down huge? He delayed launching due to market conditions last year...
Not sure, this was a few months ago. 1st quarter down 134 million. https://www.bloomberg.com/news/articles/2018-07-26/novogratz-s-galaxy-digital-sees-134-million-loss-on-crypto-drop
Though he didn't flat out say this, I am thinking that he might have shelved plans to launch his fun and replace it with his merchant bank idea. It sounded initially like he may run both, perhaps it is just the bank though that is public and the fund only holds his personal funds. Thanks for the link, it does appear his trading via the bank has been taking a beating. Though I do know he was talking about raising billions for his fund, if he did that for the bank, losing $100 million isn't that big of a deal, at least when there may be $3 billion or so involved.