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Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272 Million Loss

Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272M Loss

By According to a Bloomberg report, billionaire investor Mike Novogratz’s Galaxy Digital Holding Ltd. lost more than $272 million in 2018 amidst an intense crypto bear market. From January to December 2018, the valuation of the crypto market dropped from $813 billion to $113 billion by 86 percent as the bitcoin price crashed from its peak at $20,000 to $3,150.