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Monday, May 8, 2017

Another Billionaire Reveals Bitcoin Investment, Compares it to Horse Racing

Another Billionaire Reveals Bitcoin Investment, Compares it to Horse Racing

Another billionaire has come out after Mike Novogratz to indicate he’s put some money into digital currencies, particularly in Bitcoin. His name is Mike Cannon-Brookes and he is co-founder of the collaboration software firm Atlassian based in Sydney, Australia.

According to Forbes, his real time net worth as at May 1 stands at $2.4 bln. Cannon-Brookes’ business partner is billionaire co-founder, Scott Farquhar, who recently bought Australia's most expensive house - the $70 mln Point Piper estate Elaine. They are the only individuals under the age of 40 on Forbes list of Australia’s richest people.

Cannon-Brookes made a tweet last week to confirm his bet on Bitcoin and how it has turned out well. Unlike Novogratz, who disclosed that he has 10 percent of his net worth in the cryptocurrency space and described it as the "best investment of my life", Cannon-Brookes doesn’t seem to consider his as an investment.

Full story at http://bit.ly/2qx3VXp

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