Mike Novogratz cites money supply increase as the driver of asset prices in 2020, a dynamic which is unlike to change this year.

“What is overwhelming all markets is monetary policy is Chairman Powell has pushed the pedal to the metal” said Mike Novogratz. 

“If you think about it since 2010 75% of all dollars in history have been created, so we have 4X the money supply since 2010” he added. 

“If you think about it since 2010 75% of all dollars in history have been created, so we have 4X the money supply since 2010”

MIKE NOVOGRATZ

A Democratic Biden administration, which is anticipated to hike taxes is unlikely to trigger a market sell-off, bearing in mind that Mike Novogratz cites money supply increase as continuing to be the bull market driver. 

There is lots of liquidity pushing up assets, so people are worried that Democrats will win, and there will be a more aggressive corporate tax structure with a higher income tax that would normally be bad for. But markets have been overwhelmed by the amount of liquidity” said Mike Novogratz. 

Mike Novogratz cites a money supply increase, which is anticipated to continue, thereby keeping the central bank Put in place during 2021

“Right now, everything is good for stocks, which keeps Chairman Powell printing the money supply as fast as it is” said Mike Novogratz.

The Fed has made a commitment to keep rates at zero and continuing to buy, continue with its quantitative easing program QE for three years, noted Mike Novogratz. 

“Right now, everything is good for stocks, which keeps Chairman Powell printing the money supply as fast as it is”

MIKE NOVOGRATZ

“So, it is creating a bubble in stocks and just about every asset” he said.

Mike Novogratz cites money supply increase as dampening any potential pull back from the Fed-induced bull market

“There is so much liquidity on the sidelines, lots of people are hoping for a pullback.

It lasts for two hours and pulled right up” said Mike Novogratz.

We are at the acceleration phase of worrying about the debasement of fiat currency, caused by the central banks printing so much fiat money” – Mike Novogratz

Mike Novogratz cites a money supply increase, the debasement of fiat currency which is driving up the value of alternative assets, such as precocious metals and bitcoin

So, he is bullish about the price of precious metals and bitcoin, believing that they will go a lot higher.

“We are at the acceleration phase of worrying about the debasement of fiat currency, caused by the central banks printing so much fiat money” he said.

Mike Novogratz, a long-time crypto bull, also noted that with bitcoin, as the price goes up, there is no supply to come. There are only 21 million bitcoins that will ever exist, he said.

Mike Novogratz cites a money supply increase and a fixed supply of Bitcoins as the driver for higher Bitcoins

But the idea of scarcity applies to necessary resources such as soft commodities or industrial metals for production. Why is Bitcoin scarce, bearing in mind that it has no useful application in society other than one group of people buying to find a greater fool to unload it to at a profit? What is different from one encrypted digital ledge exchanged on the internet, with another one? 

Mike Novogratz cites money supply increase as driving up assets, and we would add mal investments. Are unregulated cryptocurrencies one of them?
See the interview.