Major business magazine Forbes has featured Gemini co-founders Cameron and Tyler Winklevoss as the richest Bitcoin (BTC) billionaires. Compiled by Forbes crypto-focused reporter Michael del Castillo, the ranking provides a list of Bitcoin investors that won the most from Bitcoin’s massive surge up to $42,000 in early January. The ranking includes three Bitcoin investors with an estimated crypto net worth above $1 billion, including the Winklevoss brothers, major industry investor Tim Draper and Matthew Roszak, chairman and co-founder of blockchain firm Bloq. The twins topped the list with an estimated cryptocurrency net worth of around $1.4 billion apiece. Roszak and …

The end of 2020 has been lighting up crypto-centric subreddits and feeds of Bitcoin hodlers as the appetite for the digital bullion reaches an all-time high. The explosion has been accelerated via the adoption of the network by PayPal, along with the long-sought out stamp of approval from respected figures like Michael Saylor, Jack Dorsey, and Paul Tudor Jones. The corresponding price appreciation and mainstream awareness from the likes of Maisie Williams and the most recent institutional buy-in from MassMutual continue to buoy the price and sentiment surrounding Bitcoin (BTC). The tide continues to rise as the work-from-home dynamic drives …

Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are seemingly buying crypto after selling their gold investments, with gold recently seeing an all-time high level of outflow. “I think it’s meaningful but it’s not the real story,” Novogratz said on Tuesday morning. “The real story is adoption of Bitcoin, adoption of crypto, across a vast variety of accounts,” he noted, going on to mention Guggenheim's …

Michael Novogratz, one of the biggest Bitcoin (BTC) bulls in the world, does not recommend investors to put the majority of their funds into Bitcoin. Although Novogratz is confident that Bitcoin “way outperforms” the precious metal, it is still safer to buy more gold than Bitcoin due to the cryptocurrency’s highly volatile nature. Bitcoin is still “early in the adoption cycle,” Novogratz says “My sense is that Bitcoin way outperforms gold, but I would tell people to have a lot less Bitcoin than they have gold, just because of the volatility,” Novogratz said during CNBC’s Fast Money on July 8. …

The Avalanche Foundation, the organization behind the Emin Gün Sirer-founded blockchain protocol Avalanche, has raised $12 million in a new private token sale. According to an announcement on June 25, the sale was led by major industry investors like Chinese mining giant Bitmain and Mike Novogratz's Galaxy Digital. The token sale comes ahead of the AVA mainet launch scheduled for summer 2020. Other prominent investors in AVA’s token sale included San Francisco-based venture capital firm Initialized Capital, NGC Ventures and Dragonfly Capital. Dozens of other individuals have participated in the private sale as well, AVA Labs said. Public sale follows …

Multi-millionaire and former hedge fund manager, Mike Novogratz, recently posited government spending around coronavirus efforts may be the cause of recent mainstream and crypto market rallies. "Household Income in the USA could actually be up this year even though we could have 25% unemployment," Novogratz said in a May 6 tweet, adding: "That is unprecedented.Thanks Uncle Sam and Chairman Powell. Helps with social unrest, might explain the retail bid to the stock market, and certainly helps make the BTC case." It is unclear exactly what Novogratz meant in his tweet, and which aspects have impacted market prices. Cointelegraph reached out …

As Telegram again delays the launch of its Telegram Open Network (TON) after missing their April 30 deadline, some key players in the crypto industry don’t want Telegram to launch the coin at all. Michael Novogratz, CEO of crypto merchant bank, Galaxy Digital, and one of the biggest Bitcoin (BTC) bulls, expressed a sceptical stance to Telegram’s blockchain and crypto project in an April 30 tweet. Novogratz wants to turn 400 million Telegram users into Bitcoin consumers According to Novogratz, there is no need to launch either another blockchain network or another cryptocurrency. Novogratz, who is confident that Bitcoin will …

Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019. According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital assets” and operating expenses as causes for the loss. Galaxy Digital has posted repetitive losses since its founding in 2018 Galaxy Digital was officially founded in early 2018 with the mission to institutionalize the crypto industry. Since then, the company has struggled to stay afloat, …

As cryptocurrency markets have been edging up over the past two weeks amid multiple sell-offs on the mainstream market, the crypto community has become even more bullish on the price of the major cryptocurrency, Bitcoin (BTC). Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a well-known Bitcoin bull, has once again reiterated his bullish stance to the biggest cryptocurrency, predicting that Bitcoin should retest its $20,000 highs by the end of 2020. In an April 2 interview with CNBC’s Closing Bell, Novogratz also expressed his confidence that Bitcoin’s price should at least double before October 2020. While Novogratz …

With vast swaths of the world markets in virtual lockdown amid the coronavirus pandemic, some predict that the shocks rippling through the global economy in early 2020 may yet come to dwarf the magnitude of the 2008 financial crash. Just as Bitcoin (BTC)’s creation is bound up with 2008 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency. In a tweet posted on March 22 — just hours after the United States Congress failed to reach a bipartisan agreement on a proposed $2 trillion economic support package — Novogratz wrote: “$BTC will …

Bitcoin (BTC) has the potential to reach and even surpass its all-time highs of $20,000 by May’s block reward halving. That was the opinion of Mike Novogratz, the serial venture capitalist who has stayed consistently bullish on BTC. Novogratz: Bitcoin “best brand of the past 11 years” Speaking to CNBC in an interview on Feb. 14, Novogratz called Bitcoin the “best brand of the past eleven years” and said 2020 will be the year it challenges $20,000 once more. “Right now, Bitcoin feels a little frenzied and we could see it surge up, but I think that by the end …

To prophesize is a natural human tendency. Humanity applauds those who make the right prediction and also love to hate on people when they miss the mark, especially by ridiculously large amounts. For many years, the crypto industry has been prone to high fluctuations and volatility. Nobody can actually predict what will unfold in the upcoming seconds, minutes, hours, days, weeks, months... let alone the years. Once when everyone predicted that Bitcoin (BTC) would die, its price nearly hit $20,000. Conversely, when people thought that it would hit $1 million, it plummeted to a meager $3,200. As 2019 comes to …