Billionaire Bull Novogratz: Bitcoin Will be the ‘Biggest Bubble of Our Lifetimes’ [And That’s Okay]
Billionaire investor and hedge fund manager Mike Novogratz has made the claim that ‘bitcoin will be the biggest bubble of our lifetimes.’
Speaking at a conference in New York on Tuesday, Novogratz explained that there is a lot of fraud in something that’s ‘exciting’ as the crypto market, reports CNBC, adding:
I think this [crypto] is going to be the biggest bubble of our lifetimes by a long shot. To be fair, this is a bubble and there’s a lot of fraud mixed in. We look at tons of projects. And some get funded, and they literally look like Ponzi’s.
However, unlike critics who have said dismissed the digital currency as a speculative bubble, the former Fortress manager wasn’t using his bubble comment as a negative connotation. In October, during an interview, Novogratz was asked whether bitcoin’s gains constituted a bubble. Even though he replied in the affirmative, he added that this wasn’t necessarily a bad thing, adding:
Historically, manias or bubbles happen around things that fundamentally change the way we live. If it’s the railroad bubble or the Internet bubble, it really changed the way we live.
For more details, please visit:
https://www.cryptocoinsnews.com/billionaire-bull-novogratz-bitcoin-will-biggest-bubble-lifetimes-thats-okay/
This when McAfree comes out with his $1M prediction for BTC by the end of 2020.
It seems those in the know are looking for BTC to be much, much higher. I tend to agree with them. There is no stopping this train for a while. Once Wall Street starts to enter, look out.