Bloomberg Launches Its Own Cryptocurrency Ratio
How Macro Trader Novogratz Became a Bitcoin Convert
Bloomberg News Agency announced the launch of a new cryptocurrency ratio. The agency’s partner is Galaxy Digital Capital Management, a trading bank that works with digital assets. The bank is run by a well-known investor and billionaire Michael Novogratz.
Bloomberg Galaxy Crypto Index (BGCI), which measures the level of capitalization of various cryptocurrencies, will be work with the most liquid and largest instruments of the cryptocurrency market. These include Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), Ripple (XRP), Zcash (ZEC), EOS, Litecoin (LTC) and Dash.
In his tweet, Mike Novogratz commented on the new collaboration So: «it very important link big work. Institutional accounts now will be able to significantly improve the characteristics of the cryptocurrency as new asset type».
text: Anton Kuznetsov, a photo: Bloomberg London office