The price of bitcoin could touch the $40,000 level by 2020, according to billionaire investor Michael Novogratz. The founder of US-based Galaxy Investments Partners said in a phone interview with Bloomberg that he sees bitcoin breaching above its 2017 peak of $20,000 in the...
Late in 2014, Nicholas Woodman, the founder and chief executive of GoPro, announced what appeared to be an extraordinary act of generosity. Mr. Woodman, then 39, had just taken his camera company public, and was suddenly worth about $3 billion. Now...
Some old-economy billionaires have a new calling: venture capitalist. Having made their fortunes in industries that are increasingly being upended by technology, many of the world’s wealthiest individuals and families are turning to venture investing as a way to bet...
Billionaire investor Howard Marks took aim at bitcoin Wednesday, doubting the cryptocurrency’s future in remarks at the eighth annual CNBC and Institutional Investor Delivering Alpha conference in New York. “It’s not an investment it’s a trade,” Marks said. “In the...
The price of bitcoin could reach up to $40,000 as it becomes more mainstream and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday. “As it gets more into the mainstream, and as more markets end up allowing...
Billionaire Steven Cohen has invested in a hedge fund focusing on cryptocurrencies and blockchain-based companies, according to a person familiar with the matter. The investment was made through his Cohen Private Ventures, said the person, who asked not to be...
China’s most high profile bitcoin tycoon called out many big names in the country’s cryptocurrency space as “cheaters” in a foul-mouthed tirade that has reignited a debate in the country over whether digital money is the future of finance or...
With his baby face, eyeglasses and go-to outfit of T-shirt, jeans and sneakers, Jihan Wu looks more like a geeky teenager than a self-made billionaire. But thanks to an early foray into cryptocurrencies, the soft-spoken 32-year-old is sitting on what...
If this is a gold rush, Armstrong, 35, is the guy making the big money selling the pans. He founded Coinbase, the nerve center and most popular entry point for cryptocurrency trading in the U.S., in 2012. There are two...
Matthew Mellon, the billionaire banking heir who capitalized on cryptocurrency investments, has died at the age of 53, the family told the New York Post in a statement. Mellon’s cousin Peter Stephaich confirmed his death to the Associated Press but...
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