Bitcoin Is Better Than Gold Right Now?
Speaking with Bloomberg on August 14th, Mike Novogratz divulged his latest thoughts on financial markets, crypto included. Echoing the comments he made on Twitter, the Galaxy Digital chief executive asserted that gold has the potential to hit $2,500 to $3,000 per ounce.
His optimism was based around the money printing and “liquidity” being spearheaded by the world’s central banks.
Commenting on BTC, he said that the cryptocurrency is likely to be a better investment than gold in the near future. As Bloomberg wrote:
This latest comment comes shortly after Novogratz said that he thinks Bitcoin will hit $14,000 in the coming months. He added that BTC could hit $20,000 by the end of the year, which would mark a 70% rally from current levels.
Not the Only One That Thinks So
Raoul Pal, a former head of Goldman Sachs’ hedge fund sales division and the CEO of Real Vision, commented that he thinks all trades are inferior to Bitcoin at the moment:
Pal added that he is “irresponsibly long” on Bitcoin.
Also discussing this sentiment is Robert Kiyosaki, the author of “Rich Dad Poor Dad.” He said on the matter last week:
How the cryptocurrency outperforms gold, though, remains to be seen.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin Is Better Than Gold Right Now: Galaxy Digital's Mike Novogratz
Originally from Bitcoinist.com https://ift.tt/3gZt46V
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