Ever wondered how much cryptocurrency Wall Street veteran Mike Novogratz owns?
How much Bitcoin and Ethereum did Mike Novogratz buy?
Mike Novogratz became one of the earliest Wall Street supporters of Bitcoin and Ethereum in 2013 and 2014.
During the hour-long interview, Novogratz disclosed his personal cryptocurrency holdings, or at least what they once were.
Alongside investors like Dan Morehead of Pantera Capital, Novogratz purchased around 30,001 BTC, now valued at $480 million, when the coin was trading around $100. He said he sold most coins on the way up, though still holds some to this day.
In an over-the-counter transaction, Novogratz purchased 500,000 ETH from Buterin at $0.99 each.
Novogratz specifically called back to one time he gave a speech when ETH was at $80 and told the crowd that they shouldn't see a trending asset, then proceeded to sell the coin a day later at $130. He did not disclose how much Bitcoin and Ethereum he owns today but has stated on numerous occasions that he has at least 25 percent of his net worth in liquid cryptocurrencies.
A sizeable portion of the podcast was dedicated to the news that Wall Street investor Stanley Druckenmiller had bought Bitcoin.
A friend of Druckenmiller, Novogratz said that he thinks his peer's endorsement of Bitcoin is likely one of the biggest stories of this space in a long-time.
Novogratz made similar comments when another billionaire investor, Paul Tudor Jones, made a similar endorsement in May. Like what you see? Subscribe for daily updates.
Wall Street veteran Michael Novogratz held over 30,000 Bitcoin and 500,000 Ethereum at one point
pubblicato su Nov 15, 2020
by Cryptoslate | pubblicato su Coinage
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