“Financial advisers who gathered to hear figures in the asset management industry impart their best investment ideas for the year ahead were given a surprising tip by one prominent hedge fund manager: Bitcoin. Michael Novogratz, co-chief investment officer of macro funds at the $55bn Fortress Investment Group, used a panel discussion on the prospects for emerging markets to trumpet the much-hyped digital currency, which he said could be used as a cheaper way of transferring money in countries with weak banking systems. And even if it doesn’t, he said, there could be money to be made from a Bitcoin bubble along the way.”
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Tip Freedomwat.ch Staff with Bitcoin
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