He had planned to launch a cryptocurgente hedge fund, and it was said back in September by the executive of the financial mogul Michael Novogrates former Executive Investment Group. According to the reports, these novogrates believe that the price of bitcoin is in the short-term for an $ 8,000 limit. This is not once in the form of trust as it was about the price of bacon. This former macro trader has put these hedge funds in the headlines.
It was believed that the former fortress Macro trader Michael Novogrates once believed that bitcoin would reach $ 40K by the end of 2018.
Novogratz and Partners are not like the current market conditions and they decide on the Shelve Cryptocurrency Hedge Fund.
source - https://news.bitcoin.com/michael-novogratz-bitcoin-may-dip-to-8k-puts-crypto-hedge-fund-on-hiatus/?