Ex-hedge fund manager, formerly of the investment firm Fortress Investment Group and Founder of Galaxy Digital Holdings, Michael Novogratz, has said in an interview with Bloomberg that bitcoin (BTC) "won the war of cryptocurrencies."
Novogratz says he feels better about bitcoin today than he had at any time in his career.
At press time, bitcoin has surged +2.92% and is trading at $6,079.28 despite the recent hacker attack on one of the world's largest cryptocurrency exchange by adjusted volume, Binance.
Bloomberg highlights that the reason for such optimism is increasing regulation and oversight in the light of recent crypto-related frauds.
Previously, Novogratz invested approximately $5 million (7,500,768 ordinary shares) in his crypto-focused fund.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.