The CEO and founder of Galaxy Digital Capital Management, Mike Novogratz, announced that he had purchased more than 7 million shares of his company for CAD 7.42 million, that is nearly 5.5 million dollars. This acquisition made Novogratz the owner of 80% of the stocks of the Galaxy Digital Holdings Ltd.
Looking forward to a great 2019. Happy New Year. https://t.co/cVr5JeDmdI
— Michael Novogratz (@novogratz) January 2, 2019
This action suggests that Novogratz is absolutely confident in happy future of crypto and will not give up on it, even though the second part of 2018 was a heinous period for digital coins.
Let us remind you that Novogratz’s company suffered heavy losses in Q1 of 2018, when crypto started to fall down slowly. However, billionaire investor stated that he was “proud” of the company, as it had overcome many difficulties. His positive way of thinking brought mixed financial results of Q2 and Q3 against the downfall of the cryptocurrencies value.
We also need to recall the predictions of Bitcoin price made by Mike Novogratz. In September, he assured everyone that Bitcoin had reached the “bottom” ($6400) and there would be no way down later. Later, in November, he stated that the price of the world’s first cryptocurrency would exceed $10 thousand by the end of the year.
Unfortunately, most of his predictions did not come true, but this fact does not kill his hope in bright future of the cryptocurrency.
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