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Novogratz’s Buying Bitcoin After ‘Volaciraptor’ Ravaged Markets

  • Bitcoin has dropped from $8,500 to as low as $3,900 this month
  • Cryptocurrencies fell in tandem with stocks during market rout
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Billionaire investor Mike Novogratz is using the recent Bitcoin slump as a buying opportunity.

Bitcoin got “terrorized” during the latest bout of volatility that Novogratz dubbed “the volaciraptor,” a play on the name of the destructive dinosaurs associated with the Jurassic Park movies. The largest digital currency dropped from about $8,500 at the beginning of March to as low as $3,914 mid-month.