bitcoinBTC/USD
$ 19,157.60
ethereumETH/USD
$ 1,064.16
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.451322
xrpXRP/USD
$ 0.313302
usd-coinUSDC/USD
$ 1.00

BTC is Crushing Gold, Says Billionaire Investor Mike Novogratz

When it comes to adoption and performance, Mike Novogratz, the American billionaire investor says Bitcoin (BTC) is crushing gold.

When it comes to adoption and performance, Mike Novogratz, the American billionaire investor says Bitcoin (BTC) is crushing gold.

Mike Novogratz is a former hedge fund manager, and also founder and CEO of Galaxy Digital which is a company that specializes in diversified financial services related to cryptocurrencies, other digital assets, and blockchain

Novogratz discussed how the performance of gold has been underwhelming in view of global favorable financial conditions at the earnings call of the third quarter of Galaxy Digital.

Novogratz posited that “ if you had asked gold bugs two years ago where the price of gold would be, given what’s happened in monetary and fiscal conditions around the world, they would have all answered far higher than here at $1,800.”

Given that Bitcoin (BTC) is surpassing gold by performance and adoption, Novogratz said “what’s happened? There’s been a substitution of Bitcoin for gold. We’ve seen it directly [and] indirectly. You see it in the charts. I still think gold was probably an okay asset to own in this environment, but it’s just gotten crushed by Bitcoin. “

Novogratz projected that Bitcoin (BTC) acceptance would continue to rise, likening the mass mainstreaming of blockchain to the role of digital cameras. Bitcoin (BTC), according to Novogratz, is a version superior to gold in terms of storing value, and its acceptance and mainstreaming are growing at a rapid rate around the world.

The billionaire emphasized the Bitcoin (BTC) ecosystem’s global participation of more than 200 million people, which he predicted will keep growing.

Mike Novogratz further said that Bitcoin (BTC) had established itself as a store of value asset, and notwithstanding the volatility of the crypto markets, he stated that the goal is now on adoption and mainstreaming.

Also read: Solana Left Cardano and Ethereum Behind to Become the Most Staked Crypto

Also read:

Related News

Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »
As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD).

Withdrawal Resumption Plan Is Not Moving Forward, CoinFLEX Backs Down

Withdrawals will not be resumed as anticipated, following a halt last week, CoinFLEX announced. As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD). After the token sale is completely carried out, CoinFLEX will disclose the process for permitting withdrawals, stated CEO Mark Lamb. “Extreme market conditions and continued uncertainty involving a counterparty” led CoinFLEX to hit a pause

Read More »
Just recently, the company had to reduce over 1% of its global workforce, making Coinbase vulnerable to the current market crash.

Coinbase Looking to Expand In Other Countries

Following the layoffs and rescinding of employment offers, the cryptocurrency exchange Coinbase intends to grow deeper into Europe. The intentions to register in nations such as Italy, Spain, France, and the Netherlands, were announced by Nana Murugesan, vice president of the California-based crypto exchange. Countries such as Germany, Ireland, the United Kingdom, and even Switzerland, where the first employee was hired recently, already have Coinbase as a licensed crypto exchange.

Read More »

My Coins

bitcoinBitcoin
$ 19,157.600.49%
ethereumEthereum
$ 1,064.161.33%
cardanoCardano
$ 0.4513220.79%
tetherTether
$ 1.000.07%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org