The CEO of Galaxy Digital claims that such investments will protect investors from inflation

​Mike Novogratz: gold and bitcoin are safe assets

17.02.2022 - 11:40

246

1 min

What’s new? Galaxy Digital CEO Mike Novogratz has called for an end to the debate on bitcoin and gold. The cryptocurrency billionaire posted on his Twitter that both assets can protect investors from inflation.

What is the billionaire’s opinion on cryptocurrency? Previously, Novogratz has repeatedly stated that bitcoin can overtake gold in terms of capitalization shortly. However, he has now suddenly changed his mind on the matter, writing:

“Everything doesn’t have to come from a position of either or. The gold charts look good. Gold underperformed for a while. BTC and crypto are in an adoption cycle.”

Also, the CEO of Galaxy Digital offered the well-known bitcoin skeptic Peter Schiff a $1 million bet. Novogratz promised to donate the money to any place of Schiff’s choosing if bitcoin stays below $35 000 by the end of the year.

Author:

Vasiliy Smirnov Vasiliy Smirnov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy