MICHAEL Novogratz, billionaire and CEO of Galaxy Digital Ventures LLC, has a quite interesting take on bitcoin’s future: “Bitcoin is going to be digital gold.”
In a Bloomberg interview earlier today, the former Goldman Sachs partner expressed his confidence in Bitcoin recovering from its fall from its 2017 all-time high market price. He recounts how painful it was for investors who saw the cryptocurrency bubble burst last year. After all, his company suffered a tremendous $136 million dollar loss in cryptocurrency trading when crypto prices plummeted.
“We had a fantastic bubble in
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