Billionaire Investor Has 10% of His Money in Bitcoin & Ether

Billionaire investor Mike Novogratz has said that he is holding ten percent of his net worth in digital currencies such as Bitcoin and Ether.

Speaking at a recent forum held at the Harvard Business School Club of New York, Novogratz, who is a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner, made the Forbes billionaire list in 2008.

According to a report from CNN Money, during his talk, Novogratz declined to disclose how much his net worth was, but said that investing in the digital currency space, was:

The best investment of my life.

The Rise and Fall of Bitcoin

Just this year alone, bitcoin has had a rollercoaster ride that has seen its price rise to a high of $1,350 at the beginning of March and then drop below $1,000 after the SEC’s ETF rejection before steadily picking itself up again to trade around the $1,200 today. Certainly not an investment choice for the fainted hearted, the digital currency space is surpassing most people’s expectations and appears to be continuing its upward trend.

So much

Read more ... source: CryptoCoinsNews

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