Michael Novogratz: Bitcoin Is A Fascinating Story, I Think It's Real

Michael Novogratz, principal of Fortress Investment Group LLC (NYSE:FIG), spoke with Bloomberg Television anchor Stephanie Ruhle from the Sohn Investment Conference in New York today.

Michael Novogratz talked about Bitcoin, saying, "Intellectually it’s a fascinating story to me, and I think it’s real. If you look at the total market cap of Bitcoin, it’s probably somewhere between $4.5 billion, $5 billion. There are in best estimates somewhere 30,000 individual programmers working on Bitcoin. My college roommate lives down in Barbados. He was the smartest guy that we went to school with. He full time . . .

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