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RE: $500 Million Dollar Crypto Hedge Fund On Its Way
Yes, the Novogratz family office already has 10 percent of their net worth in ETH and BTC. He is treating it similar to gold as a must have for 10% of their portfolio. So he is rebalancing regularly to keep it at 10%. When ETH ran to $300 he sold to rebalance back down to 10% and likewise when it went back down he bought back in to rebalance at 10%. Very smart move so far.