It’s no secret that Michael Novogratz is a big fan of Bitcoin. The former hedge fund manager has been a vocal advocate of the digital currency for years, and his investment firm, Galaxy Digital, is one of the leading investors in Bitcoin and blockchain technology. But just how much Bitcoin does Novogratz own?
In an interview with Bloomberg in October 2018, Novogratz said that he had “about 20 percent” of his personal net worth invested in Bitcoin. At the time, Novogratz’s net worth was estimated to be around $700 million, so that would put his Bitcoin holdings at around $140 million.
NOTE: This article discusses how much Bitcoin Novogratz owns. Please be aware that this is only an estimate and should not be taken as an absolute fact. Additionally, it is important to remember that the value of Bitcoin can fluctuate drastically, so the amount Novogratz owns may not remain the same over time. It is also important to note that this article does not provide financial advice and should not be taken as such.
However, it’s entirely possible that Novogratz has increased his stake in Bitcoin since then. In December 2017, when the price of Bitcoin was surging to new all-time highs, Novogratz said that he had “put more money into [Bitcoin] than any other asset class” and that he was “all-in” on the digital currency.
So it’s quite possible that Novogratz now has even more than 20 percent of his net worth invested in Bitcoin. And given the recent surge in the price of Bitcoin, which has surpassed $50,000 per coin, it’s also possible that Novogratz is now a billionaire thanks to his investment in the digital currency.
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