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RE: Mike Novogratz - "Impossible for Bitcoin not to get to $10k this year"
Tone Vays says something different. While he's more bearish than I prefer, he's a former wall st pro from Bear Stearns. He's said Novogratz and Draper may be willing to hodl their own funds, but their investors are a different story. They may be forced to sell their investor's holdings. Do you know precisely how much is own funds vs others money?
That I do not know. I don't know when or if he actually launched his hedge fund. It was originally funded with his own money only. When it came time to take money from investors, it was December of 2017 and Novogratz said he didn't feel right taking investments from others at the same time he was selling his personal holdings, so he delayed the launch. I am not sure how long he delayed it for though. He mentioned something about after bitcoin peaking it December it would be a good 8 months before it was worth buying again, pretty good call on his timing thus far.