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Bitcoin Bull Novogratz Reacts to ‘Massive’ BlackRock News
Mike Novogratz, a prominent cryptocurrency investor and CEO of Galaxy Digital, has reacted to the recent news that BlackRock, one of the world’s largest asset managers, recommended including Bitcoin in a multi-asset portfolio. While some may have overestimated the significance of this recommendation, Novogratz believes that it could have significant implications for the future of the cryptocurrency.
In an interview with U.Today, Novogratz emphasized that BlackRock’s decision to include Bitcoin in a multi-asset portfolio is a massive development for the industry. He noted that the recommendation was not meant for all investors but rather for those who wish to diversify their portfolios and potentially benefit from the growth of the cryptocurrency market.
Novogratz also highlighted the importance of BlackRock’s clear warnings about the volatility associated with Bitcoin, which could deter some investors. However, he believes that this is a minor drawback compared to the potential benefits of investing in the flagship cryptocurrency.
As reported by U.Today earlier today, Novogratz predicted that if the US were to establish a strategic Bitcoin reserve, its price could skyrocket all the way to $500,000. He also believes that Bitcoin could potentially surpass gold over the next decade.
The CEO’s views on the potential of Bitcoin have sparked significant interest in recent times.
Source: u.today
