Published On: Tue, Nov 14th, 2017

Macro Trader Mike Novogratz Says Wall Street Nearing Bitcoin Adoption

Share This
Tags

Former hedge fund manager turned cryptocurrency investor Mike Novogratz just said he believes institutional investors are only weeks away from adopting Bitcoin and Ethereum en masse. Novogratz also said this Wall Street “migration” will cause crypto prices to surge. 
Fortress Investment Group alumni Mike Novogratz once again offered his bullish opinions on the crypto space in new comments from the first day of New York’s Reuters Global 2018 Investment Outlook Summit.
“The institutionalization of this space is coming,” Novogratz said. “It’s coming pretty quick.”
Novogratz pointed to developments like CME Group’s launch of Bitcoin futures in Q4 2017 and CBOE president Chris Concannon’s recent projection of bringing Bitcoin ETFs “to market” as signs that Wall Street and institutional powerhouses the world over are about to start investing in the top cryptocurrencies – both indirectly and directly – like never before.
Novogratz noted that investing in these crypto futures and ETFs will become exceedingly easy for institutional investors, which likely means a tsunami of institutional funds will soon begin pouring into the space.
Consider, for example, that the CME is the largest regulated foreign currency …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

Displaying 2 Comments
Have Your Say
  1. HipWall HipWall says:

    RT @ABITCOINnews: Macro Trader Mike Novogratz Says Wall Street Nearing Bitcoin Adoption – https://t.co/kL3tAfhGZh

  2. HipWall HipWall says:

    RT @ABITCOINnews: Macro Trader Mike Novogratz Says Wall Street Nearing Bitcoin Adoption – https://t.co/kL3tAfhGZh

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

ALL Bitcoin News

Like what you’re reading?

Never miss any breaking Bitcoin news by following us on Facebook and Twitter!


SUBSCRIBE OUR RSS FEED AT: http://abitco.in/feed

×