Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold
Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold. Dangerous Time to Be in Stock Market, Buy Bitcoin Billionaire investor and Galaxy Digital CEO Michael Novogratz explained his view on the best investments as the November U.S. presidential election approaches in Wednesday’s episode of CNN’s Markets Now show. “I think in the short run we saw the high....
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With major cryptocurrencies bleeding out in the past day, fear seems to be taking over the market. However, the CEO of Galaxy Digital and Bitcoin Bull Mike Novogratz is optimistic for the medium and long term. In an interview for CNBC, Novogratz spoke about the danger of being short Dogecoin, BTC, and made some predictions […]
Despite China's undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital's CEO says. As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development.Novogratz explained on Bloomberg that despite China’s attempt to undermine Bitcoin — like banning mining, banning leverage, and even banning Bitcoin in some places — the original cryptocurrency is still alive and kicking. “Bitcoin still exists and survives in....
Peter Schiff seems to disagree, however, having bashed Bitcoin a number of times in the past 24 hours. Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are seemingly buying crypto after selling their gold investments, with gold recently seeing an all-time high level of outflow.“I think it’s meaningful but it’s not the real story,” Novogratz said on Tuesday....
“I think a new investor could put 5% into Bitcoin. Bitcoin’s not going back to zero.” Galaxy Digital founder and CEO Mike Novogratz is encouraging investors to devote a larger percentage of their portfolios to crypto.In an interview with CNN’s Julia Chatterley today, Novogratz said he had “changed his tune” on previous advice that investors should allocate roughly 1% of their net worth to Bitcoin (BTC) and other cryptocurrencies. The CEO has said as recently as November that people should invest up to 3% into BTC and HODL for five years.“I think a new investor could put 5% into Bitcoin,”....
According to analyst Lyn Alden, bitcoin's correlation to stocks or gold depends on bitcoin’s own cycle.