Israel Englander Sells Nvidia, Boosts Bitcoin

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billionaire hedge fund manager Israel Englander

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billionaire investor Israel Englander

The Motley Fool

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Business

Business & Economics

Billionaire Israel Englander of Millennium Management Just Sold Nvidia and Bought This Popular Cryptocurrency Instead

Summary

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70% Informative

Billionaire hedge fund manager Israel Englander of Millennium Management trimmed his Nvidia position.

Englander increased his position in Bitcoin by approximately 120% last quarter .

Bitcoin and Nvidia are two of the top 10 holdings for Millennium Management , which has over $115 billion in assets under management.

Some investors think Bitcoin could double in value next year , to hit a price of $ 200,000 .

Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 872,947 ! The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002

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formal

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English

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not hateful