The former hedge fund manager claims that he bought more coins at $56,500.
During his recent appearance on CNBC’s “Squawk Box,” Novogratz mentioned that a lot of people would want to stack sats with their incoming stimulus checks.
Mizuho Securities recently estimated that up to $40 billion of the relief money could be spent on Bitcoin and equities.
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The flagship cryptocurrency is still up 93 percent in 2021.