Billionaire on the Forbes list: buying cryptocurrencies was the best investment decision of my life.

Billionaire and hedge investor Mike Novogratz, ranked in the Forbes list of billionaires in 2008, said that holding 10% of assets in bitcoin and esters. The novogratz has invested in Bitcoin and Ethereum in the early stages of cryptocurrency development.

The first bitcoins he bought in 2013, when the value of the digital currency was $ 50. During 2013, the bitcoin price continued to decline for the Mt. Gox which led to the loss of hundreds of millions of dollars. Early investors in cryptocurrencies are respected among members of the crypto community, in view of the foresight and credibility, extended to cryptocurrency initiatives. For example, in 2013, the value of bitcoin was long kept a record-low position for 11 months, which didn't help the flow of investments. Since then, as Novogratz acquired his first bitcoins, the value of the digital coins has increased from 50$ to 1270$ and continues to grow. According to the forecasts of the investor, in a short time, the bitcoin price will be 2000 $. During the new York blockchain conference held at Harvard business school, Novogratz said that investing 10% of its assets in cryptocurrency was the best investment decision in his life. In addition to bitcoin, Novogratz has also acquired the esters under the ICO, when the cost of a token were only $ 1. At the moment, the cost of Ethereum is 49 $, respectively, coins acquired by Novogratz, rose in value to 49 times. The novogratz said that at the time, a personal encounter with acne Baleriny helped him to realize the true potential of Ethereum. The novogratz believes that Ethereum has a great future as a platform for signing smart contracts between large commercial enterprises and organizations.
source bitnovosti.com