Michael Novogratz Shelves Crypto Hedge Fund Plans



Dec.22 — Michael Novogratz, the former Goldman Sachs Group Inc. and Fortress Investment Group LLC macro trader, is putting aside his plan for a cryptocurrency hedge fund and predicts that Bitcoin will plunge to $8,000. Bloomberg’s Erik Schatzker reports on “Bloomberg Markets.”

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40 Thoughts to “Michael Novogratz Shelves Crypto Hedge Fund Plans”

  1. splash112

    he is a fool trying to manipulate the market so he can buy cheaper. idiots

  2. S Brooks

    Gonna be the largest transfer of wealth ever for the smart ones.

  3. Seán O'Nilbud

    Bitcoin is down to $1200

  4. B C

    is it legally possible to take a part of a persons speech to show it on a nationwide channel? for damaging and manipulation superpose

  5. softminimal1

    Bunch of fidouchebags.

  6. softminimal1

    Poor old Mich shit himself.

  7. R Urban

    It's a bubble and the reason is simple: no barriers to entry. 1000's of new crypto currencies are coming out and each one devalues Bitcoin or can and will tarnish the concept. If that doesn't destroy bitcoin then you can be certain gov't will eventually.

  8. J M

    From Mike Novogratz twitter: Looks to me like a short term top is in. My hunch is we consolidate between 10-16k for a while. Extreme would be 8k. Bull market isn’t over. Just pausing.

    To be clear, we delayed launching a hedge fund with outside investors capital last week because we didn’t like market conditions for new investors. In no way does it mean we are less bullish the crypto markets.

  9. J M

    He said it would consolidate between 12 to 16k or so and worse case touch 8k. He did not say it will plunge to 8k. It's incredible how you spin the news, such professionals! He is extremely bullish on bitcoin, wow this is absolutely incredible. I really thought Bloomberg was above this kind of thing. Uncanny!

  10. Roy M

    TA showing bitcoin looks weak short term here, if the prior bottom is re-tested and holds then bullish movement to ATH's will continue. however if we overshoot lower to much, apparently this could go into a bear market, hopefully this does not happen as I believe crypto really is needed in this world.

  11. Tachyon Electrics

    Dumping because cause of a dip, fuck them all. NO MERCY.

  12. Tachyon Electrics

    Good. No room for the old guard that fucked up the world. Crypto is the new occupy wallsteet.

  13. titaniumsandwedge

    Novogratz did the right thing by halting the hedge fund.  He would have received many phone calls from investors when the price goes up and down 30% in a day.

  14. Hussain Ayed

    This guy sounds like a fraudster. He ramps up the price saying he’s got “commitments” for a hedge fund then sells out then says it’s a bubble it’s going down to 8k perhaps to buy again.

  15. Alex Black

    Dalio is the genius. Most bitcoin "investors" are dumb cunts

  16. ace q

    Lol it always recovers, than hits new high..

  17. Louis Cipher

    He also sold Ethereum at just over $100 and every time this tool says it was a mistake. He let fear grip him and he can't sleep at night. So he shouldn't start the company. To say it's a scam is asanine. What is it, a global world conspiracy of 500 million people

  18. Barb Bishop

    Dalio is the only one of you pampered tards that has any common sense.

  19. derty QWERTY

    He is ignorant to the fact about why this recent crash happened. It has a lot to do with the Cramer Effect. It's going back up before it ever gets to 8k. Watch. On the 26th come back here and see he was wrong and I am right 🙂 A tech hedge makes more sense, anyways. If you know tech you can easily make money in tech investments with good studying

  20. Mitch Which

    Jacob Frank is yelling from hell

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