9/13/2023 0 Comments Wolf howling at moon tattoo“I don’t know if we will all use that as our identity.” “I think the price potentially can go a lot higher, because there’s an AI hype cycle,” Novogratz said. A token issued by the project more than doubled in value at launch this week, before retreating from those highs. That’d be my portfolio.” Those with lower risk tolerance should put 30% in a portfolio like that and 70% in bonds and perhaps an index fund, he said.Īsked if Worldcoin would take off, Novogratz said “you don’t want to bet against Sam Altman right now.” (Altman, co-founder of Worldcoin, is also behind the artificial intelligence sensation ChatGPT.) Worldcoin uses a small device called an “orb” to scan people’s eyeballs in order to generate a a unique digital identity for online use. I’d be buying silver, gold, Bitcoin and Ethereum. His advice today, for someone who has $100,000 to invest: “If they were young and had a high risk tolerance, I’d be buying Alibaba stock. Novogratz, in a wide-ranging conversation at Galaxy’s offices in lower Manhattan, also said a recent ruling in the Securities and Exchange Commission’s case against Ripple Labs represented a “huge victory” for crypto, and touched on topics ranging from Sam Altman’s eyeball-scanning Worldcoin project to Galaxy’s commitment to keeping a presence in New York. This week, Bitcoin hovered between $29,000 and $30,000 after soaring more than 70% year to date. Read More: BlackRock Wants to Make It Cheaper to Trade Bitcoin, Fink SaysīlackRock’s ETF push and Fink’s evolving attitude are part of an “adoption cycle” that Novogratz said may help the coin top its all-time high of nearly $69,000 reached in 2021 - especially when it’s accompanied by an eventual Federal Reserve pivot toward cutting rates. Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it.” Orange pill is when you take a nonbeliever and you make them a believer in Bitcoin,” Novogratz, CEO of Galaxy Digital Holdings, told David Rubenstein in an interview this week for an upcoming episode of Bloomberg Wealth. But it was Fink’s seeming conversion from crypto skeptic to Bitcoin believer - he now considers it an “international asset” - that really has Novogratz excited. “The most important thing that happened this year in Bitcoin is Larry Fink,” Novogratz said, referring to the investment titan who is chief executive officer at BlackRock Inc., the world’s biggest asset manager.īlackRock thrilled the crypto community in June when it applied to launch an exchange-traded fund to track the spot price of Bitcoin - a move that, if approved, could potentially spark a new wave of investment in the cryptocurrency. They Just Have Nowhere to Goīurning Ship’s Operator Says Almost 500 EVs Are on BoardĪsia’s Richest Families Fuel Race for Lucrative Finance Jobsīodegas Put on Notice as Visa Fights Back on Card SurchargesĪrab States Sour on Israel in Blow to US Aim of Saudi Peace Pact (Bloomberg) - As Bitcoin roars back after a year of crypto industry scandals and losses, Mike Novogratz says one man in particular gives him reason to stay bullish.
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