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RE: $500 Million Dollar Crypto Hedge Fund On Its Way

in #cryptocurrency7 years ago

Yes, the Novogratz family office already has 10 percent of their net worth in ETH and BTC. He is treating it similar to gold as a must have for 10% of their portfolio. So he is rebalancing regularly to keep it at 10%. When ETH ran to $300 he sold to rebalance back down to 10% and likewise when it went back down he bought back in to rebalance at 10%. Very smart move so far.