{"id":38835,"date":"2013-10-25T14:19:32","date_gmt":"2013-10-25T18:19:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38835"},"modified":"2013-10-25T14:28:32","modified_gmt":"2013-10-25T18:28:32","slug":"hedge-fund-manager-endorses-bitcoin","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/hedge-fund-manager-endorses-bitcoin.html","title":{"rendered":"Hedge Fund Manager Endorses Bitcoin"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-38839\" alt=\"bitcoins\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins.jpg\" width=\"360\" height=\"226\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins.jpg 1000w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins-300x188.jpg 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/><\/a>New York (HedgeCo.Net) &#8211; Michael Novogratz, co-CIO of macro funds at hedge fund manager Fortress Investment Group has said that Bitcoin could be used as a cheaper way of transferring money in countries with weak banking systems.<\/p>\n<p>&#8220;Put a little money in Bitcoin&#8230;Come back in a few years and it\u2019s going to be worth a lot.&#8221;<\/p>\n<p>&#8220;Novogratz said he sees Bitcoin growing as a payment system, especially in developing nations. Novogratz said he has put his own money in the virtual currency, without specifying how much. He has not invested in Bitcoin on behalf of Fortress, which managed $54.6 billion as of June 30.&#8221; Bloomberg reports.<\/p>\n<p>\u201cI have a nice little Bitcoin position,\u201d Novogratz said. \u201cEnough that I\u2019m smiling that it doubled.\u201d<\/p>\n<p>\u201cWill more and more merchants allow you to buy stuff with Bitcoin? We\u2019ll see. My gut is yes, but you don\u2019t need to know that to make a bet,\u201d \u2026 \u201cThere are enough libertarian [anti] government guys to at least make this a bubble,\u201d he concluded.<\/p>\n<p>The world\u2019s first Bitcoin ATM is set to go live next week in Vancouver.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Michael Novogratz, co-CIO of macro funds at hedge fund manager Fortress Investment Group has said that Bitcoin could be used as a cheaper way of transferring money in countries with weak banking systems. &#8220;Put a little [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,16044,3],"tags":[],"class_list":["post-38835","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38835"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38835\/revisions"}],"predecessor-version":[{"id":38843,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38835\/revisions\/38843"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}