Last week former Fortress principal Michael Novogratz made headlines in the cryptocurrency world when he told attendees at the CB Insights Future of Fintech conference that he has cut holdings (in Bitcoin and Ethereum) after the cryptocurrencies' latest "spectacular run," warning that "Euthereum had likely hit its highs for the year," and "cryptocurrencies were likely the biggest bubble of his lifetime."
His caution was understandable: after all during a 2013 UBS conference, Novogratz said "put a little money in Bitcoin...Come back in a few years and it’s going to be worth a lot." We doubt even he knew how right he would end up being.
Full Read Here http://www.zerohedge.com/news/2017-07-03/goldman-sees-bitcoin-soaring-high-3915
