Cryptocurrency
Bitcoin Is Below $7,000 But Novogratz Stays Long, Shorts Stocks
As reported on Bloomberg, “Famed investor Mike Novogratz says this is the time for Bitcoin, citing greater adoption around the globe and unprecedented actions by central banks battling the fallout from the spreading coronavirus. “’The risk on any store of value, if it’s gold, is that enough people believe in it,’ Novogratz said in a […]
As reported on Bloomberg, “Famed investor Mike Novogratz says this is the time for Bitcoin, citing greater adoption around the globe and unprecedented actions by central banks battling the fallout from the spreading coronavirus.
“’The risk on any store of value, if it’s gold, is that enough people believe in it,’ Novogratz said in a Bloomberg TV interview. ‘It’s still a question of adoption. I’m just seeing more adoption here in the U.S. and in Europe than I have literally since I started this.’
“The chief executive officer of Galaxy Digital Holdings Ltd., who became intrigued by the cryptocurrency after its introduction more than a decade ago, says he’s noticed new investors, including hedge funds and high-net worth individuals buying…”