{"id":78,"date":"2013-10-24T20:22:42","date_gmt":"2013-10-24T20:22:42","guid":{"rendered":"https:\/\/wncen.com\/?p=78"},"modified":"2020-10-07T11:42:15","modified_gmt":"2020-10-07T11:42:15","slug":"financial-times-bitcoin-gets-endorsement-from-top-hedge-fund-manager","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/financial-times-bitcoin-gets-endorsement-from-top-hedge-fund-manager\/","title":{"rendered":"Financial Times:Top Hedge Fund Manager gives Bitcoin Endorsement"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-81 alignright\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2013\/10\/Bitcoin-Checkmark.jpg?resize=183%2C178\" alt=\"Bitcoin Checkmark\" width=\"183\" height=\"178\">A top hedge fund manager is reported to have given Bitcoin an endorsement of sorts, reports the <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/5e972afe-3cce-11e3-a8c4-00144feab7de.html#axzz2ifk6nqLk\" rel=\"nofollow\">Financial Times<\/a>.\u00a0Michael Novogratz, macro fund co-chief at Fortress Investment Group said Bitcoin could be an effective way to transmit money to countries with less-than-impressive banking systems. Not only that, but Novogratz, along with colleagues at Fortress have taken &#8220;personal positions&#8221; in the cryptocurrency.<\/p>\n<p>The Financial Times report indicates that Fortress themselves have taken a look at Bitcoin, but subsequently decided it&#8217;s &#8220;too speculative&#8221; for their funds.<\/p>\n<p>It&#8217;s big news for the Bitcoin community, which often struggles to get a serious look from huge financial institutions not only in the United States, but around the world.<\/p>\n<p>Read the <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/5e972afe-3cce-11e3-a8c4-00144feab7de.html#axzz2ifk6nqLk\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">entire report here<\/a>.<\/p>\n<p><\/p>\n<p>[via <a href=\"http:\/\/www.reddit.com\/r\/Bitcoin\/comments\/1p4xaj\/financial_times_bitcoin_endorsed_by_top_hedge\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Reddit<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top hedge fund manager is reported to have given Bitcoin an endorsement of sorts, reports the Financial Times.\u00a0Michael Novogratz, macro fund co-chief at Fortress Investment Group said Bitcoin could be an effective way to transmit money to countries with less-than-impressive banking systems. Not only that, but Novogratz, along with colleagues at Fortress have taken &#8220;personal positions&#8221; in the cryptocurrency. The Financial Times report indicates that Fortress themselves have taken a look at Bitcoin, but subsequently decided it&#8217;s &#8220;too speculative&#8221; for their funds. It&#8217;s big news for the Bitcoin community, which often struggles to get a serious look from huge financial institutions not only in the United States, but around the world. Read the entire report here.<\/p>\n","protected":false},"author":516,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,2122,2330,11],"class_list":["post-78","post","type-post","status-publish","format-standard","hentry","category-news","tag-bitcoin","tag-ft","tag-hedgefund","tag-news"],"acf":[],"yoast_head":"\n<title>Financial Times:Top Hedge Fund Manager gives Bitcoin Endorsement<\/title>\n<meta name=\"description\" content=\"A top hedge fund manager is reported to have given Bitcoin an endorsement of sorts, reports the Financial Times.\u00a0Michael Novogratz, macro fund co-chief at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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