“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.”

http://www.euro2day.gr/ftcom_en/article-ft-en/1148567/bitcoin-endorsed-by-top-hedge-fund-manager.html

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