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Former Fortress Investment Group executive Michael Novogratz has made a lot of predictions about his beloved bitcoin over the past few years. The only one that proved prescient was the rare bearish call when he ruefully conceded that not only would BTC not hit his $40,000 target in 2018, it wouldn’t even crack $9,000 that year. (On the other hand, that was perhaps not too hard a call to get right: Bitcoin went for about $6,500 when Novogratz cried uncle and ended the year at about $3,800.)

Bearing that in mind, here’s his new prediction about the fake stuff vs. gold and treasuries amidst the COVID-19 epidemic, which has to date been anything but kind to the imaginary currency.

We’re not at all sure that Novogratz will be able to afford dinner at Masa in three months, unless he’s assuming there will be no restaurants left in New York City for him to make good on that bet.

Former Hedge Fund Billionaire Picks Bitcoin Over Gold, Treasuries and The Dollar [Forbes]



Mike Novogratz Creates Giving Pledge For Bitcoin

He’ll never have to make good on it, of course, but it’s a fun rhetorical and imaginary game to play.


Mike Novogratz Totally Knew Bitcoin Would Lose Money. Just Not, Like, Quite This Much Money.

Also, he’s not the Messiah. He’s just a very disappointed boy.


Mike Novogratz Is Losing Faith

His beloved fake money isn’t appreciating as fast as he’d hoped.

(Getty Images)

Bitcoin Recovery Short-Circuited By Continuing Failure Of Two Very Tall Men

The Winklevii may yet kill that which they claim to love.

By Mike Cauldwell ( [Public domain], via Wikimedia Commons

Miami Bitcoin Faithful Feeling Better Than Miami Crypto Investors

No news is good news and oh look here’s Mark Zuckerberg again to ruin everything.

Novogratz Stefon

Mike Novogratz Wants A Blockchain For Police Brutality

The cryptocurrency enthusiast is angry, and you wouldn’t want to see Mike Novogratz angry.