In this article I want to tell you about histrionic Mike Novogratz: he is no stranger to bankruptcy. As he is no stranger to successful projects, to a career as an investor, and above all as a Bitcoin millionaire.
The first of his failures was when he lost all his money in the 1987 stock market crash.
The second was when he made a series of bad investments in the early 2000s.
The third was when he couldn’t predict the mortgage subprime crisis.
You may be wondering: how is it possible to get up from so many blows in life. Maybe you are among those who are saddened or demoralized for much much less.
But you can do great things even when hundreds of thousands of euros or even millions go up in smoke. Many stories tell us this.
Here is how Mike overcame failure and how to go about pursuing whatever is on your mind. Where you take the strength to overcome even the worst of the worst.
The story of this gentleman, known precisely for his Bitcoin heritage, is really interesting. But I have to start from the beginning.
That he was one who knew how to multiply money in finance as Jesus multiplied the bread and fish was already written in his youth.
WORKING VERY SOON AT GOLDMAN SACHS
Mike Novogratz was born in Princeton, New Jersey. His father was a professor at Princeton University, and Mike grew up in an academic environment.
Mike Novogratz graduated with a degree in economics from prestigious Princeton University in 1987.
He later worked for Goldman Sachs as an investment banker in the merchant banking division.
He was also a partner of the hedge fund Fortress Investment Group.
But things started to change when, in 2007, he decided to leave his comfort zone to try to become an entrepreneur. Specifically, he founded a company called Fortress Macro Fund.
This company was dedicated to global macroeconomic investments. It did quite well: between 2007 and 2015 it achieved annual returns of 8.6%.
Not bad, huh?
But what made Mike Novogratz really famous is what he did next: he decided to invest part of his fortune in Bitcoin.
BITCOIN: FROM 7 MILLION TO 2.3 BILLION IN 4 YEARS
In 2013, Mike Novogratz invested 7 million in Bitcoin. From those humble beginnings, he went on to found Galaxy Investment Partners, a cryptocurrency investment firm with assets of over $2.3 billion.
Why did he do it? He saw the potential of this new technology and decided to bet on it.
And boy, was he right!
Between 2013 and 2017, the price of Bitcoin went from $100 to $20,000. That’s a 200x return on your investment!
Novogratz’s gamble paid off big, making him one of the richest people in the world.
But that’s not all: Mike Novogratz is also a big proponent of blockchain technology. He thinks it has the potential to change the world as we know it.
Forbes estimates that Mike Novogratz’s net worth is currently $1.2 billion. In fact, he owns a part of the Galaxy Investment company.
GALAXY INVESTMENT PARTNERS
Mike’s company’s goal is to help institutional investors get involved in the cryptocurrency market.
So far, they’ve done a great job – Galaxy has already invested in some of the most successful ICOs, including Polkadot, Filecoin, and Dfinity.
They have also made some strategic investments in companies like Bitstamp, Circle, and Kraken.
Overall, Mike Novogratz and his team at Galaxy Investment Partners are doing a great job of helping institutional investors get involved in the cryptocurrency market.
His company is also involved in blockchain-related businesses, such as developing a new cryptocurrency exchange called Bakkt.
HE OVERCOMES ALL THE MISFORTUNES
Mike Novogratz is a very successful investor despite having made investments of little success: I know he might seem like a tongue twister.
Yet it is so.
Furthermore, at certain levels, if you fall, you will be hurt a lot more. Because you fall from very significant heights. That is, you lose a lot, really a lot of money.
I said at the beginning that I would explain to you how he had managed to overcome tough failures. With what spirit he managed to go further, without considering himself a failure.
Here are some golden rules that Mike made his own …
1) Don’t be afraid to take risks
2) Believe in yourself
3) Learn from your mistakes
4) Have a clear vision
5) Surround yourself with the right people
1) Don’t be afraid to take risks: This is probably the most important point. If you are unwilling to take any chances, you will never be able to achieve great things.
2) Believe in yourself: Even when things are difficult, it is important to believe in yourself. You must have faith in your ability to overcome challenges and achieve your goals.
3) Learn from your mistakes: Every mistake is an opportunity to learn and grow. Don’t beat yourself up on them; simply use them as an opportunity to improve.
4) Have a clear vision: It is important to have a clear idea of what you want to achieve. This will help you stay focused and motivated when things get tough.
5) Surround yourself with the right people: Choose your friends and co-workers carefully. Surround yourself with positive and supportive people who will help you achieve your goals.
Mike Novogratz is a great example of someone who took risks, believed in himself, learned from his mistakes and surrounded himself with the right people. He is living proof that it is possible to overcome failures and achieve great things.
If you take anything from this article, let it be this: don’t be afraid to fail.
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Alias Nick Nite is the founder of Sybershel and is an Italian entrepreneur who is almost a millionaire. He was born in Santa Margherita Ligure in the region of Genoa. He has always been passionate about Tech.
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