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Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether

money.cnn.com

151–153 of 153 posts

Re: Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether

#151
post #2

"Novogratz ranked #407 in the March 2007 Forbes list of world billionaires with a net worth of $2.3 billion [...] By 2012, after the decline of Fortress' stock price, his net worth had shrunk to $500 million." following the tendency, he may be a hobo right now. 10% of 100 bucks, probably

He needs to rebillionize, pronto. He'll be a laughingstock at Davos without that third comma in his net worth. Next thing you know, he'll have to buy a car with doors that open side to side, like a non-billionaire.

As I was reading this I got the taste of tequila in my mouth.

Re: Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether

#152
post #34

Earlier quoted context omitted.

Bitcoin should be seen as digital gold. It has no value in itself, but its likely that you will be able to use it for payment even if all else fails.

> but its likely that you will be able to use it for payment even if all else fails. Can you give an example of a modern economy collapsing and reverting to gold as a medium of exchange?

Mostly collapsing countries revert to .. dollars.

Re: Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether

#153
post #131

Earlier quoted context omitted.

I'm pretty sure that if you try to buy a two dollar tube of toothpaste with a two dollar speck of gold, they'll say no thanks.

yup, I said a nugget.

You could walk in with a brand new Playstation 4 system and do the same thing.
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