Fortress Investment Bullish On Bitcoins

Fortress Investment Group LLC (NYSE:FIG) director Michael Novogratz thinks that bitcoins will continue to gain value, saying “More and more people are getting involved…there is a fixed supply…prices are going higher…inning 3 of a 9 inning game,” Saumya Vaishampayan of MarketWatch reports. Bitcoins were near $200 when Novogratz announced that he had taken a position in bitcoins, and they are now pushing towards $400. Creation of bitcoins Unlike central bank currencies, bitcoins can’t be created by fiat, and unlike a gold or silver it’s impossible to stumble upon more unexpectedly. Instead, they are created by computers solving an extremely difficult cryptographic…