Billionaire investor Mike Novogratz won half bitcoin in an election bet, then gave it away via a self-hosted lottery

• Billionaire investor Mike Novogratz won half Bitcoin in an election bet over the weekend, but then hosted a lottery to distribute to “new Bitcoiners”.
• Novogratz, CEO and founder of cryptocurrency-focused investment bank Galaxy Digital, expected the Democrats to secure both the White House and Congress.
• A Twitter User @Adelgary won the lottery, but others disputed the result stating that he already owns Bitcoin and is not new to the world of cryptocurrencies.
• Half Bitcoin is currently worth $ 7,726.

Billionaire investor Mike Novogratz said he won half Bitcoin in an election bet Saturday and gave up on a self-hosted lottery for a Twitter user.

Half Bitcoin is currently worth $ 7,726. Bitcoin was up 10% in the past week, reaching $ 15,453 at 10:20 GMT on Monday. The price has gained nearly 60% since the end of August and has risen by nearly 300% this year.

Novogratz said in a tweet: “I won an election bet with @StoneyBitson. 1/2 BTC. I will have a lottery for young Bitcoiners for that coin. Nobody can enter who already owns a Bitcoin. I am thinking of a number between 1-1000. Whoever guesses first gets it. I’ll have Stoney sent directly. A hypothesis. “Novogratz previously said he expected the Democrats to win both the White House and Congress.

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A Twitter user @Adelgary won the lottery guessing the number “826”. Novogratz said chose number 8 because he lived in China for 7 years, where the number eight is considered lucky. 26 represents his date of birth.

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As the former hedge fund manager said the coin would be distributed to new Bitcoin users, other participants in the thread disputed his call by pointing out that the winner already owns Bitcoin.

Novogratz, a major Bitcoin bull, has suggested that a conservative Senate and less fiscal stimulus would be good for cryptocurrencies. “Less tax, more Fed, great for cryptocurrencies,” he said. He also believes that every central bank will start issuing digital currencies in 5 years.

Democrat Joe Biden won the 2020 presidential race thanks to a victory in Pennsylvania and Nevada over the weekend, in one of the most contentious electoral races ever.

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