by Rushali 
Yesterday somebody pointed out on my Twitter feed “The only thing more volatile than a bitcoin is Elon Musk” and this was the funniest thing I have read to date about the crypto space. The statement comes from small retail investors who are extremely upset about the statement made by Elon musk about, dropping bitcoin as the payment method from Tesla, and the comment section of the tweet was the funniest thing of my day. it was filled with comments ranging from demands of investigation on Elon Musk for manipulating the market, also claiming that he dumped it on purpose to tank bitcoins price and buy more on the coming dips. These are some serious allegations but, I don’t think the worlds second richest man who has his own space company and is already on the path to make a colony on the moon and beyond will have the need to do that. Elon further stated these are all concerns for the environment as electricity consumption is on a constant rise and they are figuring out ways to find renewable energy to mine bitcoins.
This is a huge concern as it is a proven fact that the electricity consumption to mine bitcoin is in constant surge and this is worrying environmentalist…and tesla is an electric car-focused company so…you know It would be ironic for the company to use bitcoins for payments.
People, bitcoin and politics go hand in hand also Michael Novogratz, a crypto billionaire we will be talking about today stated once that “cryptocurrency is becoming a political story” which is true, look at Indian banks making a fuss of it.
Even, Novogratz supported Elon musk for the decision even if for the short term it might affect his portfolio but, he ended his support by saying “Buy more Bitcoins”
Let’s dive deep into his life and how he came to become a bitcoin billionaire. Read till the end for some interesting facts and figures and “The networth”.
Introduction
Who exactly is Michael Novogratz? Any guesses?
Michael Novogratz was born in November 1964 in Alexandria province of Virginia and is an investment banker by profession also, the founder and CEO of Galaxy investment partners, An investment company solely focused on investing in Cryptocurrencies.
Michael completed his formal education from Princeton University in the field of Economics and was also an avid wrestler with significant achievements in the sports of wrestling being awarded the title of 2010 wrestling man of the year in the USA.
He started his career as a Pilot for US ARMY, yes a Pilot and that too a helicopter pilot that too for Army. Impressive already!
After serving for the army, in 1989 He joined Goldman Sachs as an average money market bond salesman and was posted in Tokyo. Michael in the tenure of working for Goldman Sachs was mostly in Asia moving from Tokyo to Hong Kong to run a full-fledged trade desk in his Goldman tenure.
Michael was elected as the partner in 1998, before that he worked at various positions in the same financial institution.
After which he got onboard joining hands with Peter Briger and Robert Kauffman and joined the firm Fortress investments as the Chief information officer for the Macro funds later he got the role of Principal and Director of Fortress credit corporation, a subpart of the Fortress investments firm.
Before 2008, Michael was named a billionaire by Forbes but, due to unforeseen circumstances of the great 2008 crisis lost almost half of his net worth when the stock price of Fortress investments almost hit a dollar mark.
Novogratz then founded Galaxy investment partners and now holds the CEO position of the company firmly. He has been called a “Bitcoin pundit” on predicting a missed price of bitcoin according to the charts and also is been respected in that field, he began his investments early by 2015 in cryptocurrencies and has recovered more than he lost in the great 2008 crisis and is now proudly a bitcoin billionaire as of 2021.
His name has been listed by many magazines and lists ranking the top billionaires of the world, top crypto billionaires of the world etcetera.
And also all those looking for bitcoin price predictions to invest their money in…Novogratz eyes bitcoin to hit the 100 thousand dollar mark by the end of this year.
Although, this is just an exchange of information on platforms and is not any kind of trading or investment advice. So, do your diligence before investing, No one knows when Musk and politics may play their dices.
Michael Novogratz Net Worth
Before revealing the exact and updated figures, can you see that only cryptocurrency has the power to return someone there lost fortune in a matter of few year’s, Novogratz states that Bitcoin has given him much more than what he planned by investing early.
The assumed net worth of Michael Novogratz as of the year 2021 is around 7.8 billion US Dollars. That’s actually a lot after the 2008 crisis left him with only 500 million.
