Two Stories, Same Betting on Bitcoin, Ethereum and ICOs Gamble Going ALL-IN
Hedge fund legend, former Fortress hedge fund manager Michael Novogratz, father of four.
Didi Taihuttu, owner of a company offering computer courses, father of three.
Both of them has put all what they have, all their wealth, and beyond that, betting on Bitcoin-Ethereum-ICOs, betting on BLOCKCHAIN Revolution.
What life has in store for this two families, will also be the family story of a hundreds of thousands anonymous investors throughout the world in the next couple of years.
Former hedge fund manager Michael Novogratz is predicting the Bitcoin price in next six to ten months to climb over $10,000 largely because as he had seen in many investment hubs around the world there is rising interest of heavy investors to invest in Bitcoin and in all range of digital currencies through ICOs.
Even as he says, there are signs of a bubble, but almost all the bubbles during the history has resulted at the end in a very positive change in the way people live, and in born of hugely successful companies out of the bubble. The same will be with Blockchain revolution, Decentralized revolution. So 10 years from now Blockchain, decentralized systems will be everywhere, in everything and fundamentally change the way we live, and change the way how we do the business.
Novogratz is starting a $500 million fund through Galaxy Digital Assets Fund.
From total amount, the $150 million is his own money and the rest plans to raise from outside sources, wealthy individuals, family members, and fellow hedge fund managers. So this project to be ready until the January to invest in Cryptocurrencies, ICOs and Blockchain related technologies.
Novogratz plans to take advantage of this blockchain, decentralized revolution that is taking place currently all over the world and he will invest and spread bets on the all ecosystem, broad range of spectrum of cryptocurrencies and ICOs, but mainfield to be Bitcoin and Ethereum, as it will be public utility of this new space.(As world computer, with its internet of value and internet of things).
As for the bubble popping Novogratz thing it’s too early, there is much more space and time until at one point inevitably will be a major corrections in this market. Let’s remind of the internet bubble of 1999, in which it was invested whopping $6,5 Trillion so imagine the discrepancy and the space between today’s total market cap of cryptocurrency industry is less than $200 Billion.
Bitcoin is digital gold and it’s becoming a digital store value for more and more investors and this is from every point of view very sensible in this digital age revolution.
BY 2020 THE WEALTH TO BE QUADRUPLED
Didi Taihuttu, the owner of the company offering computer courses, has decided to make the betting of his life, and as a believer in Bitcoin in a big way, he has invested everything what he and his family had on – bitcoin and other cryptocurrency.
“We are an adventurous family and are going to gamble for a moment to live minimalist lives.” – Didi Taihuttu
Selling his house, the car, the motorbike, electric bikes, the children’s toys, clothing, shoes…
“People will say, ‘You’re crazy’,” Taihuttu told Business Insider. “But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring.”
He is firm in his believe that this investment in Bitcoin and other cryptocurrencies until the 2020 will become fourth time higher in value and make him and his family very rich.
“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionising the monetary system,” says Taihuttu. “In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”
On the overall it is expected to be a tsunami of investments, implosion of Bitcoin, from people of all the world participating on this new revolutionary blockchain based industry, I can hear the herd coming, (the bulls running in wild west)!?
Still the main concern of these two investors and millions other will be to have so called macro skill or sixth sense and to feel the right moment to pull out of the game.
Of course many will meantime lose the money, but at the end the society will make a huge social profit, and have much, much better way of living and doing business.