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Mike Novogratz Explains Why He’s Still All-In on Crypto

No one on Wall Street embraced cryptocurrencies with as much gusto as legendary trader Mike Novogratz. After Jamie Dimon called Bitcoin a “fraud”in September 2017, Novo, as he’s known, predicted, correctly, it would hit $10,000 and keep climbing. The former hedge fund manager and...

Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months

The bad year for traders at Mike Novogratz’s cryptocurrency merchant bank got even worse in the third quarter -- and that was before the market fell out of bed this month. Net realized and unrealized losses on digital assets at Galaxy Digital Holdings LP’s trading...

Bitcoin’s ‘Patient Zero’ Says Crypto an Experiment That May Fail

Bitcoin is an intellectual experiment that could take years to prove successful, if it does at all, according to Xapo founder Wences Casares. “It may work, it might not work,” Casares said Monday in a Bloomberg Television interview. “We are in the equivalent of 1992...

Mike Novogratz: Bitcoin is ready to grow again

Bitcoin bull Mike Novogratz thinks the cryptocurrency is poised for major growth. "You're seeing now institutions moving in," the founder and CEO of Galaxy Digital told CNN international correspondent Paula Newton on CNNMoney's "Markets Now" on Wednesday. Novogratz pointed out that exchanges and big companies...