Mike Novogratz who is well known ex-hedge fund manager appeared on CNBC in a episode of Fast Money with Melissa Lee, Guy AdamiTim Seymour, and Steve Grasso.
Novograts discussed how much progress has taken place in the bitcoin community despite the price decline in bitcoin this year. There have been many companies entering the space, building technology to ease the use of bitcoin to financial institutions and the community which are major contributions to the bitcoin network itself.
Novograts is heavily invested and active in the bitcoin comunity as well. Novogratz launched his crypto merchant bank Galaxy Digital in November, right before bitcoin hit its all time high near $20,000. During that time many other companies started looking at bitcoin as a possible global currency, an alternative to the current fiat currency we use today. During the past year, bitcoin has shown early signs of a mainstream adoption for the future with numerous companies already starting to accept bitcoin. Etsy started accepting bitcoin on certain items by giving an option to sellers to accept bitcoin in their store. Etsy is a shopping website which sells handmade, vintage and unique items. Bitplaza also accepts bitcoin as payment for consumer goods. Bitplaza is a mobile app which lets users spend bitcoin everyday items. Bitcoin is becoming easier to use and spend as more companies enter the bitcoin space for payment solutions.
Watch the video here CNBC - Mike Novogratz
Novograts discussed how much progress has taken place in the bitcoin community despite the price decline in bitcoin this year. There have been many companies entering the space, building technology to ease the use of bitcoin to financial institutions and the community which are major contributions to the bitcoin network itself.
Novograts is heavily invested and active in the bitcoin comunity as well. Novogratz launched his crypto merchant bank Galaxy Digital in November, right before bitcoin hit its all time high near $20,000. During that time many other companies started looking at bitcoin as a possible global currency, an alternative to the current fiat currency we use today. During the past year, bitcoin has shown early signs of a mainstream adoption for the future with numerous companies already starting to accept bitcoin. Etsy started accepting bitcoin on certain items by giving an option to sellers to accept bitcoin in their store. Etsy is a shopping website which sells handmade, vintage and unique items. Bitplaza also accepts bitcoin as payment for consumer goods. Bitplaza is a mobile app which lets users spend bitcoin everyday items. Bitcoin is becoming easier to use and spend as more companies enter the bitcoin space for payment solutions.
Watch the video here CNBC - Mike Novogratz