Investment Giant Fortress Reports Bitcoin Loss

Record number of Bitcoin days destroyed, and 10 days later we a record-breaking Bitcoin ETF announced? Coincidence? I think not.

I don't have any concrete proof, but I have a sneaking suspicion that these two events are related. There simply is no other reason for that many BDD to happen.
On 2013-12-21, this block moved a record number of bitcoin days destroyed, with a volume of over 117,000BTC.
https://blockchain.info/block-index/451760
While the normal transactions in the 0-400BTC range are present in the block, there are 28 transactions between 2500 and 5000BTC which were always about 1mBTC away from having no decimal places at and all of which came from addresses that haven't moved since 2011-03-02. The total amount that was transferred totaled ~112,846BTC moved at two very distinct time periods: 04:38:26 and 05:04:00 making these two events undeniably related.
Today, 10 days later, it was announced that Fortress Investment is starting a private ETF for Bitcoins with a summation totaling around $150 million USD to be able to start. That kind of market movement would undeniably buy out all of the exchanges and cause undue chaos in the markets for the weeks following, as if the news announcement won't be big enough already. What I believe happened instead is they were able to get in contact with one of the very early miners, and broker a deal to them to buy a chunk of their holdings outside of the exchanges for a set price. What would that be? Something very lucrative.
The SEC filing for the ETF they formed a fund with the sum of $147 million USD from 26 investors at a minimum of $250,000. $147,000,000\112,846BTC = $1,302 per BTC. A price that is quite a bit higher than even the all time high, but they might not have dumped 100% of that capital into purchasing the coins. If they had done a mere $100 million the price would have been $886 per BTC, which is still a very generous figure. I have an inkling that could be a sentiment of things-to-come. It's possible the actual price was maybe even lower, but still you can't ignore these signs. Use this information as you may, but I believe that there is a good probability that these events are related. We could be seeing a major market movement in the next few days depending on how these things play out with the official announcement of the fund. Remember, this is coming from an investment firm that has almost 60 BILLION in assets.
http://www.zerohedge.com/news/2013-12-31/fortess-investment-forming-bitcoin-fund http://finance.fortune.cnn.com/2013/12/31/fortress-is-forming-a-bitcoin-fund/
If anyone has any other information I'd love to hear it. I'll try to keep this post updated as the night goes on and more information comes out.
EDIT #1: Coindesk just published an article http://www.coindesk.com/fortress-investment-group-launch-bitcoin-fund/
Fortress, which trades on the New York Stock Exchange (NYSE), is reportedly planning to announce the fund at the Bitcoin New Years Eve Bash being held tonight at 40 Broad Street in New York City.
That location is next to the NYSE. In fact, it houses something called the NYC Bitcoin Center, an effort that has been launched to educate investors about BTC.
EDIT #2: My math was off, it's actually 112,846.00 BTC. I just fixed the numbers accordingly along with some other edits for clarification.
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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says submitted by 101111 to Bitcoin [link] [comments]

Fortress is forming a Bitcoin fund

Fortress is forming a Bitcoin fund submitted by mahbizzle to Bitcoin [link] [comments]

In the Daily: Colorado Digital Token Act, ITI Funds Crypto Index, Fortress Blockchain - Bitcoin News

In the Daily: Colorado Digital Token Act, ITI Funds Crypto Index, Fortress Blockchain - Bitcoin News submitted by prnewswireadmin to cryptonewswire [link] [comments]

Fortress and Pantera invest in new bitcoin fund

From Dan Primack at Fortune:
Bitcoinana: In September we discussed how SecondMarket had launched the first U.S.-based investment vehicle dedicated exclusively to Bitcoin, called The Bitcoin Investment Trust (beating out the Winklevii, who remain stuck in regulatory limbo). Now comes word that Fortress Investment Group is prepping its own Bitcoin fund, which likely will be much larger than the SecondMarket offering.
Details remain scarce, although there are some rumors that some info could be revealed tonight at the Bitcoin New Year’s Eve Bash down on Broad Street (yes, this is an actual thing). But it is worth noting that Fortress earlier this year acquired Koru Ventures, a provider of patent-backed loans to tech companies, in order to launch an IP finance group. Among Koru’s principals (and new Fortress employees) was Steven Waterhouse (ex-CTO of RPX Corp.), whose LinkedIn profile yesterday said that he had just become a partner on an unnamed Bitcoin fund. After I sent Waterhouse an email requesting more info – and also placing a call with Fortress – the Bitcoin mention disappeared from his LinkedIn page (replaced only with “TBD”).
My understanding, however, is that the Fortress effort will be something like a currency ETF (similar to Bitcoin Investment Trust), but that Fortress also may raise a separate vehicle to back Bitcoin-related startups. And there likely is some relationship to a new Bitcoin-related fund raised by Pantera Capital, a San Francisco-based hedge fund whose clients are known to include several Fortress executives. Pantera founder Dan Moorehead declined to discuss his Bitcoin efforts or relationship to Fortress – including if his effort and the Fortress fund were one in the same – but an SEC filing indicates that he already has raised around $150 million, and Pantera recently participated in a VC round for crypto-currency payment network Ripple Labs. Moreover, calls to Pantera’s main number are now met with a voicemail that only identifies the firm as “Pantera Bitcoin.”
UPDATE: Official link: http://finance.fortune.cnn.com/2013/12/31/fortress-is-forming-a-bitcoin-fund/
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Fortress to roll Bitcoin stash into $150m hedge fund

Fortress to roll Bitcoin stash into $150m hedge fund submitted by anirgu to Bitcoin [link] [comments]

Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says submitted by BTCBCCBCH to btc [link] [comments]

Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

Although he says digital currencies like bitcoin show signs of forming a bubble, former hedge fund manager Michael Novogratz is going all-in.
The former Fortress Investment Group manager says he's been investing in bitcoin and its underlying blockchain technology for a while and sees bitcoin's price rising to over $10,000 in the next six to 10 months, largely because of heavy investor interest. Bitcoin was up 2.1 percent on Tuesday, to $4874.15 as of 5 p.m. ET, according to CoinDesk, and has surged in value this year.
"I can hear the herd coming," he said during an appearance after market hours Tuesday on CNBC's "Fast Money." He likened bitcoin to digital gold.
Novogratz is starting a $500 million fund to invest in cryptocurrencies, initial coin offerings and related companies. He put $150 million of his own money into Galaxy Digital Assets Fund and plans to raise the rest from outside sources by January, mainly from wealthy individuals and families and fellow hedge fund managers.
He told Bloomberg Television last month that digital currency like bitcoin is "going to the be the largest bubble of our lifetimes." JPMorgan Chase CEO Jamie Dimon last month called bitcoin a "fraud" and said he would fire anyone at his bank for trading it.
But whether bitcoin lasts or eventually gets replaced by the next new thing, the underlying blockchain technology is probably here to stay, he said. "Blockchain will change the way we live," he said. "This is not going away."
https://www.facebook.com/BitQuotex/posts/1472252146184604
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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

https://www.cnbc.com/2017/10/10/bitcoin-heading-over-10000-in-six-to-10-months-former-fortress-hedge-fund-manager-says.html
Get your bets in at StockBet.
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Bitcoin heading over $10000 in six to 10 months, former Fortress hedge fund manager says – CNBC

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[Top Stories] - Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

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[uncensored-r/Bitcoin] Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

https://www.cnbc.com/2017/10/10/bitcoin-heading-over-10000-in-six-to-10-months-former-fortress-hedge-fund-manager-says.html
Get your bets in: https://stockbet.com/#/BullBearound/17947?ref=1m
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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says /r/Bitcoin

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[Top Stories] - Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says | NBC

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[uncensored-r/Bitcoin] Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says

This is the best tl;dr I could make, original reduced by 22%. (I'm a bot)
Although he says digital currencies like bitcoin show signs of forming a bubble, former hedge fund manager Michael Novogratz is going all-in.
The former Fortress Investment Group manager says he's been investing in bitcoin and its underlying blockchain technology for a while and sees bitcoin's price rising to over $10,000 in the next six to 10 months, largely because of heavy investor interest.
"I can hear the herd coming," he said during an appearance after market hours Tuesday on CNBC's "Fast Money." He likened bitcoin to digital gold.
He put $150 million of his own money into Galaxy Digital Assets Fund and plans to raise the rest from outside sources by January, mainly from wealthy individuals and families and fellow hedge fund managers.
He told Bloomberg Television last month that digital currency like bitcoin is "Going to the be the largest bubble of our lifetimes." JPMorgan Chase CEO Jamie Dimon last month called bitcoin a "Fraud" and said he would fire anyone at his bank for trading it.
Whether bitcoin lasts or eventually gets replaced by the next new thing, the underlying blockchain technology is probably here to stay, he said.
Summary Source | FAQ | Feedback | Top keywords: bitcoin#1 fund#2 digital#3 blockchain#4 month#5
Post found in /Bitcoin, /BitcoinAll, /AutoNewspaper and /NBCauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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Pantera Capital Management LP, a hedge fund that manages money for Fortress Investment Group LLC executives, invested about $10 million in Bitstamp Ltd months before it emerged as the world's dominant dollar-bitcoin exchange, Bloomberg reported, citing three people briefed on the deal

Pantera Capital Management LP, a hedge fund that manages money for Fortress Investment Group LLC executives, invested about $10 million in Bitstamp Ltd months before it emerged as the world's dominant dollar-bitcoin exchange, Bloomberg reported, citing three people briefed on the deal submitted by montseayo to Bitcoin [link] [comments]

Barry Silbert of SecondMarket implicitly confirms Fortress Bitcoin Fund

Treat @barrysilbert's tweets as confirmation of the Fortress Investment Group's bitcoin fund.
Barry Silbert ‏@barrysilbert 10m Fortress Investment Group Is Launching A Bitcoin Fund http://www.businessinsider.com/fortress-launches-bitcoin-fund-2013-12 … via @BusinessInsider @rjwile cc @BitcoinTrust
CoinDesk ‏@coindesk Fortress Investment Group to Launch Bitcoin Fund http://coinde.sk/19G71vz Retweeted by Barry Silbert
Barry Silbert ‏@barrysilbert 3h Fortress is forming a Bitcoin fund http://finance.fortune.cnn.com/2013/12/31/fortress-is-forming-a-bitcoin-fund/ … via @FortuneMagazine @danprimack cc @BitcoinTrust
He referenced it three weeks ago, but wouldn't comment on the which funds he was familiar with entering the market:
http://finance.yahoo.com/news/secondmarket-ceo-wall-street-put-203000747.html
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Multi-billion dollar Fortress Investment Group (FIG) is forming a Bitcoin fund.

Multi-billion dollar Fortress Investment Group (FIG) is forming a Bitcoin fund. submitted by _CapR_ to CryptoMarkets [link] [comments]

Fortress Investment Group to Launch Bitcoin Fund - CoinDesk

Fortress Investment Group to Launch Bitcoin Fund - CoinDesk submitted by dcawrey to Bitcoin [link] [comments]

Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says. BITCOIN-FUND-MANAGER.COM REVIEW Bitcoin to hit $20,000 by December 2018 – investor Canada’s first public Bitcoin fund hits $100M mark - YouTube Who Built Herodium's Fortress?

About Bitcoin Fortress. When it comes to learning about something new, you get skeptical, and we love that about people. It’s normal to desire to learn as much as you can before embarking on a new journey. Some people enjoy the thrill and the leap of faith, but you’re reading this because you want to know more about the creators of such amazing software. We are going to get to Bitcoin ... Prior to Fortress, Michael spent 11 years at Goldman Sachs, where he was elected partner in 1998. Mike Novogratz on Investing, Bitcoin, Ayahuasca, and Running Through The Sahara Desert (#451) – The Blog of Author Tim Ferriss In May Canadian firm 3iQ started trading a bitcoin fund on the Toronto Stock Exchange, joining London-based Coinshares and Switzerland-based Amun, which offer exchange-traded notes similar to ... GlenCooper/flickr Fortune's Dan Primack reports Fortress Investment Group is launching a Bitcoin fund. Back i n October, Fortress CIO Michael Novogratz alluded to his firm's growing interest in ... Fortress is launching a Bitcoin Fund. SecondMarket has launched the first U.S. based Bitcoin Investment Trust (BIT) back in September. Now there have been words that Fortress Investment Group is going to launch its own Bitcoin Fund. It is reported that the investment vehicle may be an unlisted Exchange Traded Fund (ETF), similar to BIT. In October, Chief Investment Officer of Fortress, Michael ...

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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says.

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