Fortress’s Novogratz Says He Put His Own Money Into Bitcoin
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Fortress Investment Group LLC’s Michael Novogratz said he put some personal money into Bitcoin and his firm has been evaluating the virtual money that exists only in digital form.
Novogratz, who didn’t specify how much he invested, said he sees Bitcoin growing as a payment system, especially in developing nations. He has not invested in Bitcoin on behalf of Fortress, which managed $54.6 billion as of June 30.