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One month ago, cryptocurrency pioneer Mike Novogratz inexplicably shelved plans to launch a hedge fund just hours after the biggest crash in bitcoin in years due to South Korean crackdown concerns (from which it has since fully recovered), prompting many to ask if "Novo" had gotten cold feet on the entire space. This morning we get the answer, which is an empathic no, because as Bloomberg's Erik Shatzker reports Novogratz - one of bitcoin’s most outspoken champions - is bypassing the hedge fund stage entirely, and instead starting a merchant bank dedicated to cryptocurrencies and blockchain-based ventures. And he intends to take it public.
https://www.zerohedge.com/news/2018-01-09/here-comes-goldman-crypto-novogratz-starting-cryptocurrency-merchant-bank