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Mike Novogratz admits to having more gold than Bitcoin


The most experienced investors in the financial market know that they cannot place all their capital in one type of asset, even if it is one they trust as much as Bitcoin. Therefore, it has always been a debate what percentage should be invested in cryptocurrencies. And in this regard, legendary investor Mike Novogratz admits that he has more gold than Bitcoin at the moment. Due to the high volatility of the price of the cryptoactive.

Bitcoin as a safe investment

When it comes to investing in the crypto market, the main option is always Bitcoin. Well, the first cryptocurrency in history has several advantages that attract investors from all over the world. Including a very broad market, and therefore with great liquidity. Complementary products such as affordable future contracts on different platforms. As well as the much-mentioned asset quality reserve value.

In this way, many market analysts, like Mike Novogratz, recommend the acquisition of Bitcoin as a means to protect the value of capital in times of political, economic or social uncertainty. Well, by comparing the value of the currency with that of Fiat money during times of crisis. It can be seen that it remains or even increases over time.

, Mike Novogratz admits to having more gold than Bitcoin, Forex-News, Forex-News

That makes many voices promoting Bitcoin as the “gold of the 21st century”. Proposing that investing in BTC should begin to replace investment in gold as the main haven of value. A council that has found an echo in large investors such as Mike Novogratz, those who without abandoning gold, begin to acquire greater amounts of Bitcoin.

Mike Novogratz has more gold than BTC

Thus, the CEO of Galaxy Digital, Mike Novogratz, admitted yesterday in conversation with CNBC that, although Bitcoin has the potential to generate a higher profitability than gold, it does not recommend that you have a greater amount of the cryptocurrency than the precious metal. Arguing that its volatility would make it a less safe haven of value than gold.

My feeling is that Bitcoin outperforms gold, but I would tell people to have a lot less than gold. Just for the volatility” Adding on the gold that “The macro setting is so perfect right now for something like gold. Central banks continue to print more money, so gold is going to hit the old highs of $ 1,950 and keep going. This has just started

, Mike Novogratz admits to having more gold than Bitcoin, Forex-News, Forex-News
Mike Novogratz admits that he has more gold than Bitcoin due to the high volatility of BTC. Source: CoinDesk

On other occasions, Novogratz has expressed his confidence in the future of Bitcoin, as well as in its quality as a value reserve asset. At the same time, it has been critical of the high volatility in the price of the virtual currency. Only reason for the moment, he has decided to keep more of his capital in gold than in Bitcoin. While the cryptocurrency market matures enough to achieve stability in its price.

, Mike Novogratz admits to having more gold than Bitcoin, Forex-News, Forex-News

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