RATE Group | Bitcoin [BTC] during the financial crisis was an “FU to the system”, says Mike Novogratz
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Bitcoin [BTC] during the financial crisis was an “FU to the system”, says Mike Novogratz

20 Dec Bitcoin [BTC] during the financial crisis was an “FU to the system”, says Mike Novogratz

Posted at 05:50h in Bitcoin News by

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Mike Novogratz spoke to Luara Shin on the Unchained podcast about how he got into Bitcoin along with Peter Briger and Dan Morehead after the U.S. had seen a horrible recession and the European recession was underway.

He also said how Bitcoin and the new technology that it brought along was a big FU to the system. Novogratz said that his friend, Peter Briger, who was a friend of Wences Casares called him up and asked if he knew about Bitcoin and recommended that he should buy Bitcoin.

He continued:

“I Googled it, I’ve been a currency trader for the big portion of my life and a speculator, and so it took me about fifteen minutes of internet searching to say “hey this is going to work for simple reasons”, I didn’t think it was gonna work for real but it was gonna be a great speculative asset.”

Novogratz added that the world had already seen the financial crisis around ’08 and ’09 and that Europe was having its financial crisis in 2012 which had led people to lose faith…

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