Michael Novogratz, more commonly known as Mike Novogratz, a well-known person in the crypto-community has donated his cryptocurrency profits to Princeton University.
Novogratz and his wife Sukey Cáceres’ donations will be proceeded towards “Bridge Year Program” which is a tuition fee program that allows students to engage in nine months of University-sponsored service at one of five international locations — Bolivia, China, India, Indonesia, and Senegal.
Princeton President Christopher L Eisgruber said:
“I am deeply grateful to Mike and Sukey Novogratz for their generous support of the program… Their extraordinary gift will enable generations of Princetonians to embark on a path of global citizenship as Bridge Year scholars.”
Michael Novogratz said:
“I believe that Bridge Year gives students an incredible opportunity to prepare for their role as leaders of an increasingly interconnected world. At the same time, it offers abundant opportunities for introspection and personal growth. Students return from it with a real sense of purpose, and an interest in being of service to their communities, and to the world.”
Michael Novogratz and his wife, Sukey Cáceres are both alumni of Princeton Univesity. Mike Novogratz was in the class of 1987 while his wife was in the class of 1989.
Novogratz is well-known in the cryptocurrency community for his predictions on the price of Bitcoin. He is also the CEO of Galaxy Digital Holdings Ltd., an investment firm that is focussed on digital assets.
Furthermore, he tweeted:
“Proud to put some of our crypto winnings (2017) to a good cause. A year living in a different culture can change your life for the better. Build bridges, not walls.”
“He should donate the money to some community colleges where need based students could really use it. Princeton endowment is bloated @neal_katyal @novogratz”
“This is a wonderful gift, Mike! Moving overseas has changed my life for the better. It’s the greatest education a person can receive.”
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