MIKE NOVOGRATZ SAYS ‘THIS IS THE YEAR FOR BITCOIN’
Speaking last night at the close of a CNBC call when the DOW closed 534 points, Novogratz supported Bitcoin. He noted that for the first time large individuals and hedge fund investors are joining Bitcoin. He said:
This is the year for Bitcoin – if it doesn’t go up now, I’m not sure when it will
"This is the year for bitcoin," says @novogratz, and if it doesn't go up now, "I might just hang my spurs." pic.twitter.com/KbUQfMzzEI
— CNBC's Closing Bell (@CNBCClosingBell) April 2, 2020
Novogratz also points out that Bitcoin is an asset and we are starting to see real flows into it. He briefly raised trillions of dollars to quantify what is happening and how unreliable this situation is.
Money doesn’t grow on trees. Right now, it feels like we crossed the Rubicon where everyone feels money grows on trees… I don’t think the FED’s doing the wrong thing it’s just that we’re going to debase the value of fiat.
When asked about the big numbers, he said Bitcoin should double in six months. If he does not, he can simply “hang up.”
SUDDEN ABOUT TURN ON PREVIOUS PREDICTIONS?
As a major investor in space, the CEO of Galaxy Digital is historically aligned with bitcoins. He was one of the first to approve the new bull market a little less than a year ago and predicted that BTC would reach a new all-time record in 2019.
But after the brutal sale of Novogratz two weeks ago, Anthony Pomliano said cryptocurrencies could fail from 12 to 18 months for investors who need a decree.
But that was two weeks ago and before the U.S. Congress approved an agreement to stimulate coronavirus for $ 2,000. This may have supported the stock market, but, as Novogratz pointed out, it will eventually weaken the decree.
As more and more people wonder where all the “helicopter money” is coming from, now’s the time for Bitcoin to shine.