Advertisement
AD

Main navigation

Mike Novogratz Wants to Give Away Most of His Bitcoin to Charity

Advertisement
Thu, 1/10/2020 - 8:22
Mike Novogratz Wants to Give Away Most of His Bitcoin to Charity
Cover image via www.facebook.com
Read U.TODAY on
Google News
Contents
Advertisement

Prominent hedge fund manager and founder of Galaxy Digital crypto bank Mike Novogratz believes that Bitcoin can change the system and bring social justice to people; he sees BTC as a revolution.

"I got into crypto and $btc because I saw it as a revolution"

Earlier today, Novogratz took to Twitter to announce what made him get into crypto, and into Bitcoin in particular.

The hedge fund guru revealed that his initial reason for entering into Bitcoin was the fact that he saw BTC as a revolution, something that can change the system.

Out of the same motive, he tweeted further, he spends his time advocating for social justice, thus situating Bitcoin in his value system.

Contrary to what Coinbase CEO says

On Sept. 27, the head of Coinbase, Brian Armstrong, published a public letter that caused a lot of heated discussion on Crypto Twitter.

He stated that cryptocurrency companies, including Coinbase, must stay out of politics, even in the current difficult and controversial times, and focus on their products and customers instead.

Thus Armstrong discouraged his employees from expressing their political views at work but follow the platform's mission, since that is the only way Coinbase can seriously impact the world.

His attitude was not shared by many on Twitter; Twitter CEO Jack Dorsey was among those who slammed Armstrong. He stated:

Bitcoin (aka “crypto”) is direct activism against an unverifiable and exclusionary financial system which negatively affects so much of our society. Important to at *least* acknowledge and connect the related societal issues your customers face daily. This leaves people behind.

Related
“Only Bitcoin”: Jack Dorsey Denies Owning Ethereum After Criticizing Coinbase’s Anti-Activism Stance

Novogratz plans to donate most of his BTC profits to charity

One of the commenters in the thread asked Novogratz if he plans to give his BTC profits to charitt when Bitcoin hits $100,000. To that, the Galaxy Digital CEO replied, "most of it."

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles