23 Apr Billionaire Mike Novogratz Believes Bitcoin’s Moment Is Right Now
The cryptocurrency community believes that Bitcoin
BUY NOW was made for the type of economic upheaval that has gripped the world since COVID-19. Billionaire trader Mike Novogratz tends to agree, saying in an interview with CNBC that Bitcoin is facing a key moment, as monetary policymakers continue to dole out trillions in stimulus.
The Galaxy Digital founder hearkens back to the saying that money doesn’t grow on trees, pointing out that there will only ever be 21 million bitcoins mined.
Novogratz, whose investment strategies straddle both a macro portfolio and cryptocurrencies, is finding anecdotal evidence that Bitcoin adoption is at hand.
“As we have more and more fiscal stimulus being monetized by the central bank, more and more people I talk to want to find something with scarcity.”
Source: Twitter
Novogratz points to a couple of Bitcoin’s best features fueling this demand, including the fact that more than 85% of its finite supply has already been…