Mike Novogratz ardent crypto bull, explained his reasoning for believing in Bitcoin BTC and the crypto space, valued at 1.7 trillion US dollars at the time of writing in his latest X.
“Europe has issued $108bn of bonds this week, and it’s only wed!!!! And people ask me why I love $BTC!!!!,” he posted on January 10, 2024.
Indeed, the 1.7 trillion dollar crypto market is emerging from its worst bear market, spurred by the widely anticipated SEC spot BTC approval.
So it looks like the SEC chair Gary Gensler is not buying the view cryptos, which leaves a traceable digital trail, is the terrorist Modus Operandi for funding evil operations. The baddies have got filthy, used paper notes for that. Cash transactions are untraceable and completely anonymous.
“Europe has issued $108bn of bonds this week, and it’s only wed!!!! And people ask me why I love $BTC!!!!”
MIKE NOVOGRATZ
Mike Novogratz ardant crypto bull, continues to promote BTC as a digital asset hedge against inflation
“2024 has already been one hell of a ride and we still have a big year ahead of us… On the first @bizuntitled episode of the year we’re talking about opportunities we’re seeing in real estate and crypto and our outlook for 2024. Check it out!!,” posted Mike Novogratz.
“This is the most important five days of the year for Bitcoin because finally after years of waiting the SEC has approved a BTC ETF, which means that every mum and dad with a broker account can now buy a share, a BTC through their broker account,” he said.
“It brings in more people to the community. That’s a big deal for BTC and the crypto space because they will sell BTC to buy Ethereum ETH or Solana SOL, or the crypto degenerates, the young crypto degenerates that bet on everything,” he added.
“2024 has already been one hell of a ride and we still have a big year ahead of us”
MIKE NOVOGRATZ
Cryptos enable the next generation of young homeowners and entrepreneurs to acquire capital for a home loan or start a business.
“Above 4% interest rate is floating below 4% go fixed rate,” said Mike Novogratz.
Typically, a fixed interest rate will be more than a floating rate, it can vary depending on the shape of the yield curve.
“The polarity in economics and living standards is contributing to greater political polarity. It is also leading to reduced trust and confidence in government, financial institutions, and the media, which is at or near 35-year lows” – Ray Dalio
He said his Grandfather was an immigrant (presumably from Germany) in the 30s. “He had six kids, they had 24 kids, and they had 49 kids. I think about that community of people, my uncle got into the fibreglass business and became a billionaire, and we got actors, teachers, social workers, musicians, atheists and philanthropists. When you think about the contribution of one immigrant brought to America, we paid over one billion dollars in taxes to this country. There are thousands of stories like mine,” he said.
Touching on the thorny subject of race.
“Economically, we were poor, but not in spirit,” he added, “it’s about work ethics, focus on education, and raising children with two parents.”
Check out the interview here.
How does Mike Novogratz, ardant crypto bull, want to deal with crypto scammers?
He wants to punch disgraced crypto titans in the face.
He thinks debt will depreciate the US dollar, stocks will have a good year and doesn’t see BRICs as an alternative, but he likes India and Brazil.
