Bitcoin adoption is the main key right now, Novogratz says
Cointelegraph
Published Dec 01, 2020 04:00PM ET
Updated Dec 01, 2020 07:21PM ET
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 morning. “The real story is adoption of Bitcoin, adoption of crypto, across a vast variety of accounts,” he noted, going on to mention Guggenheim's recent interest in picking up $500 million of Grayscale’s GBTC asset.
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Written By: Cointelegraph
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