Billionaire Mike Novogratz Says It's 'Almost Irresponsible' to Not Invest in Bitcoin

An early proponent of cryptocurrency and one of the most well-known Bitcoin bulls, Mike Novogratz continues to tout the value of cryptocurrency and push institutional investors towards a new era of finance.

A former portfolio manager for Fortress Investment Group and Partner at Goldman Sachs, Mike Novogratz has uniquely poised himself as an early cryptocurrency bull with an institutional investment background - bridging the gap between shifting sentiment regarding cryptocurrency investing today.

Earlier this month, Novogratz raised $250 million USD to launch a cryptocurrency merchant bank known as Galaxy Digital.

The nascent investment firm will host a cryptocurrency trading desk, offer asset management and advising services, and invest in emerging blockchain projects - setting out to become the "Goldman Sachs of crypto."

The BGCI partnership indicates radical shifts in institutional investor sentiment regarding cryptocurrency, as the market demands a better benchmark for an overview of value.

"Today's launch of the Bloomberg Galaxy Crypto Index reflects our clients' growing interest in cryptocurrencies The index brings our rigorous approach to index construction to cryptos and will provide investors with a transparent benchmark to gauge the performance of the broader market."

According to CNN, Novogratz has even predicted that the New York Stock Exchange will implement cryptocurrency trading desks within the next six months.

This prediction falls in line with recent announcements that Goldman Sachs will be opening a bitcoin futures trading desk.

To view the full interview with Mike Novogratz, please see this link.

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