Home Finance Mike Novogratz’s Crypto Comeback Faces a Trial by Fire

Mike Novogratz’s Crypto Comeback Faces a Trial by Fire

by Enochadmin

Seven years after heavy losses shuttered his hedge fund, Mike Novogratz was in his SoHo workplace watching his laptop display flicker costs of cryptocurrencies, his new favourite investments. They had been all collapsing.

The previous faculty wrestler who as soon as labored for Goldman Sachs Group Inc. and Fortress Funding Group had reinvented himself as considered one of Wall Road’s largest digital-currency proponents, a cult determine for 1000’s of beginner traders who adopted his appearances on tv, social media and the convention circuit. His new enterprise, Galaxy Digital Holdings Ltd. , sells crypto-investment funds, handles trades for different huge traders and advises digital-asset firms on acquisitions.

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