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Billionaire Invests 10% Of His Money Into Bitcoin and Ethereum

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Michael Novogratz
Michael Novogratz calls his $1 Ethereum purchase “the best investment of his life”.

Michael Novogratz is the founder of the Fortress Investment Group. His total fortune is estimated by Forbes to be at least a billion in 2007 and 2008.

Novogratz recently claimed to have invested 10% of his money into cryptocoins Bitcoin and Ethereum.

Novogratz was one of the first ones to buy Ethereum, back when it was still $1 a pop. At the time of writing, Ethereum trades at $50 a pop, yielding Novogratz a really respectable 50x ROI.

Last wednesday, he discussed his outlook on cryptocoin in general when having a talk at the Harvard Business School forum, according to CNN Money.

He called his investment in Ethereum one of the best investments in his entire life.

So how come Michael Novogratz managed to buy loads of Ethereum so early on?

Because of one man: Vitalik Buterin.

Buterin is a truly gifted, Russian born genius, who recognized Bitcoin’s potential early on and made well over a million bucks on his investment in it.

Buterin and and Novogratz had a talk over a dinner, and Novogratz was immediately impressed with Buterin, Ethereum’s founder.

Why did Buterin found Ethereum? Because he recognized Bitcoin’s potential and wanted to create a better currency.

Bitcoin is currently the most popular cryptocoin. But some say Ethereum might one day take its place, because it doesn’t suffer from Bitcoin’s flaws.

Listen to Vitalik Buterin explaining Ethereum here:

These videos are a unique opportunity to pick the brain of a certified genius.

Don’t pass up on this opportunity to learn more about ethereum!

Photo credits: acumenfund/flickr.

Can A Single Bitcoin Become Worth $500,000?

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Can one single Bitcoin become worth $500,000 in due time?

I think it can.

And so do two other guys. One of them is Jeremy Liew.

Remember the guy who bought pizza for 10,000 bitcoins?

Back in those days, they cost mere pennies. Nobody took them seriously. People lost them in hard drive crashes and did not give a shit.

The pizza guy bought them sometime in 2010, when Bitcoin was $0.0025 a pop. For $25, he was the proud owner of 10,000 Bitcoin.

And he blew it on 2 Papa John’s pizzas.

Now, I’m not dissing Papa John here.

But if only he had known…

  • June 2009 1 BTC = $0.0001
  • June 2010 1 BTC = $0.07
  • June 2011 1 BTC = $15
  • June 2012 1 BTC = $7
  • June 2013 1 BTC = $100
  • June 2014 1 BTC = $600
  • June 2015 1 BTC = $220
  • June 2016 1 BTC = $600
  • June 2017 1 BTC = >$1,200 (probably)

Had this hungry, hungry hippo held onto his bitcoin, he’d be a bitcoin multi millionaire right about now.

A quick calculation teaches us that 1,000 / 0.0025 = 400,000.

Let that roll around in your brain for a while.

Bitcoin has already multiplied its value by a whopping 400,000x!

Do you suppose it can multiply its value by 500, going from $1,000 to $500,000?

You bet it can. And it will.

Think about it… there are only 16 million of them or so mined, many of which are already lost.

There can only ever be 5 million more Bitcoin for a total of 21 million. And it will take until 2140 until we’ve mined them all.

These things are pretty scarce. Bitcoin ATMs are popping up here and there. Japan is testing Bitcoin transactions in many stores now.

It doesn’t exactly take a rocket scientist to figure out where this is headed.

And yet the rest of the world hasn’t even caught on yet!!!

With Bitcoin in 2017, it’s like SEO in 2000.

Don’t you wish you would’ve entered SEO in 2000? I know I do!

You could rank and bank with a new site and a few thousand crappily auto generated spam links.

The days of easy pickings in SEO are gone.

But thankfully for all of us inhabitants of the year 2017, the world is changing so fast that there’s a new wave to ride every few years!

Cryptocoin is proving to be a serious game changer. And people… are… just… catching… on.

It’s early days for Bitcoin. And the early birds get most of the worms!

Think about it, man. If you feel you ever missed out on a golden opportunity, this is your second (third? fourth? umpteenth?) chance!

You just gonna sit there and do nothing?

I can haz 5 Bitcoinz?

I bought 5 Bitcoin at ~$1,000 and I’m sitting on them until 2030 at least.

But I’m also doing something else.

Something that stands to make even more profit than simply holding on.

Want to retire on Bitcoin?

I got something coming on this blog that you’re gonna like.

Bookmark me.

Seriously.

Bill Gates: Nobody Can Stop Bitcoin

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Bill Gates isn’t the only one who has something to say about it, though.

Watch this video and learn more about what other people think.

It’s a great way to get more insights into the future impact of Bitcoin.

Satoshi Nakamoto is one clever guy to have invented this genius cryptocoin, which has made people rich and to this day continues to do so.

How To Retire On Bitcoin

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A new era is dawning.

Gone are the days of having to participate in the 9 to 5 rat race.

Your life is too precious to start your day with a mind numbing, sould crushing, motivation draining commute.

Screw the cubicle prison.

There’s another way of realising your financial independence from someone else.

And it’s all thanks to Bitcoin.

I’ve found a way to invest your Bitcoin and watch it grow at almost 1% per day.

When was the last time you got 1% interest?

Your bank only gives you this amount of interest per year.

Pretty soon, this website is going to have an ROI calculator that’s going to let you calculate what your ROI will be a decade from now, if you buy yourself in now.

It’s still early days for Bitcoin.

Be one of the early birds and get those worms.

And by worms I mean Bitcoins.

Visit the frontpage to calculate your Bitcoin retirement.

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