Mike Novogratz Wants to Bring Bitcoin to the 1% With New Funds
- Galaxy to work with Bakkt, Fidelity for third-party custody
- Billionaire says investors may move from gold and into Bitcoin
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Michael Novogratz’s Galaxy Digital Holding Ltd. is starting two Bitcoin funds for accredited and institutional investors with a demographic profile that hits close to home.
The 54-year-old billionaire is targeting “the wealth of America,” or people between 50 and 80 who may have stayed largely on the sidelines of cryptocurrency investing, Novogratz said in a phone interview.