Michael Novogratz $400 Million Bet: Form Giant Crypto Merchant BankBillionaire investor Michael Novogratz pulled back from bitcoin toward the end of last year, citing market volatility, and ultimately scrapped his much-anticipated crypto hedge fund as a result. He’s since returned with a market-defining announcement of plans to open a full service crypto merchant bank, which some are describing as the ecosystem’s Goldman Sachs, and he’s betting his entire $400 million worth of crypto assets on the ambitious project. Also read: Michael Novogratz is All-In The new year kicked off with a bang in only its second full week, as Canada-based Bradmer Pharmaceuticals revealed an ambitious partnership with famed investor Michael Novogratz to create what amounts to a crypto merchant bank, Gala
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