Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272 Million Loss

By CCN.com: According to a Bloomberg report, billionaire investor Mike Novogratz’s Galaxy Digital Holding Ltd. lost more than $272 million in 2018 amidst an intense crypto bear market. From January to December 2018, the valuation of the crypto market dropped from $813 billion to $113 billion by 86 percent as the bitcoin price crashed from its peak at $20,000 to $3,150. Since December, within a five-month span, the crypto market has added $55 billion and bitcoin has recovered by 65 percent from $3,150 to $5,200. Novogratz buys more stake in Galaxy Digital, a bigger bet on bitcoin and crypto Following The post Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272 Million Loss appeared first on CCN