- Mike Novogratz believes that the leading crypto is an excellent investment during times of crisis like the coronavirus.
- Speaking in an interview, the CEO of Galaxy digital said that this is the time for bitcoin.
Contrary to popular belief, one bitcoin bull, Mike Novogratz believes that the leading cryptocurrency is an excellent investment during times of crisis like the coronavirus. Speaking in an interview with Bloomberg, the well-known businessman and CEO of Galaxy digital said that this is the time for bitcoin.
In talking about the poor performance of the leading crypto coin, Novogratz highlights that bitcoin is an 11-year-old experiment and is only just started to solidify in the world market as a so-called macro weapon. These past two years have seen the digital assets impose it’s all over some Fiat currency thanks to a large number of benefits that it offers in comparison to traditional vehicles for investment.
Mike went on to highlight how the federal reserve bazooka buying high will cause monetisation of that like anything ever seen in the past.
He further stressed that this will never happen with cryptocurrency due to the fact that they have a maximum supply. Bitcoin specifically has a supply limit of 21 million and that can’t be manipulated no matter what.
Despite all the chaos and uncertainty in the world right now, Novogratz is still very confident that this will be the best year for cryptocurrency and specifically, bitcoin. He has said in previous interviews that he would leave his investments in the acid alone if the price doesn’t hit $20,000 again.