Who Is Michael Novogratz?

Michael E. Novogratz is the Founder and CEO of Galaxy Digital Capital Management based in New York City. He is well known as a billionaire investor and an early investor of Bitcoin, he has been an advocate of cryptocurrencies. In 2017, he revealed that 20 percent of his net worth is held in Bitcoin and Ethereum. He was formerly a Principal and Chief Investment Officer of the Fortress Macro Fund; he was also a member of the Board of Directors of Fortress Investment Group LLC. Novogratz joined Fortress in 2002 after spending 11 years at Goldman Sachs, where he was elected Partner in 1998.

Quote:

“Bitcoin is now an institutional asset. Period. The good thing is most institutions aren’t in yet. It’s why 2021 will be as good or better than 2020.” (He said on CNBC as reported by Cointelegraph)

Picture source: Adam Jeffery | CNBC

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