RATE Group | Mike Novogratz on the Bitcoin halving | Fintech Zoom
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Mike Novogratz on the Bitcoin halving | Fintech Zoom

06 May Mike Novogratz on the Bitcoin halving | Fintech Zoom

Posted at 07:10h in Bitcoin News by

Galaxy Digital CEO Mike Novogratz appeared on CNBC’s Closing Bell on Might 4, the place he outlined his bullish stance on laborious belongings like Bitcoin and gold.

The closely mustachioed Novogratz regarded ahead optimistically to the Bitcoin halving on Might 12—a deflationary occasion which contrasts enormously with the Fed’s cash printing regime.

“I love Bitcoin. Next Tuesday we have the Bitcoin halving where the inflation rate gets cut in half,” he stated, “You talk about inflation in fiat currencies where the Fed is printing money like a money printing machine, and in the Bitcoin space the money supply gets cut 50%. So, big deal there.”

The billionaire investor expressed doubts concerning the stability of conventional shares in instances of pandemic. Because the Fed continues to inflate the cash provide by printing cash out of skinny air, Novogratz proclaimed a bullish stance on laborious belongings, together with Bitcoin.

“I still am very bullish [on] hard…

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