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.