Big money is coming to bitcoin


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  • Wednesday, 15 Nov 2017

Novogratz said he expects major financial firms will soon start to offer bitcoin or similar products as an investment option.

NEW YORK: Mike Novogratz, the former macro hedge fund manager at Fortress Investment Group who has joined the mad dash for crypto-currencies, said on Monday that mainstream institutional investors are about six to eight months from adopting bitcoin.

Novogratz said he expects major financial firms will soon start to offer bitcoin or similar products as an investment option, one that could be easily purchased over the phone.

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