THELOGICALINDIAN - Bitcoin Is Better Than Gold Right Now
Speaking with Bloomberg on August 14th, Mike Novogratz appear his latest thoughts on banking markets, crypto included. Echoing the comments he fabricated on Twitter, the Galaxy Digital arch controlling asserted that gold has the abeyant to hit $2,500 to $3,000 per ounce.
His optimism was based about the money press and “liquidity” actuality spearheaded by the world’s axial banks.
Commenting on BTC, he said that the cryptocurrency is acceptable to be a bigger advance than gold in the abreast future. As Bloomberg wrote:
This latest animadversion comes anon afterwards Novogratz said that he thinks Bitcoin will hit $14,000 in the advancing months. He added that BTC could hit $20,000 by the end of the year, which would mark a 70% assemblage from accepted levels.
Not the Only One That Thinks So
Raoul Pal, a above arch of Goldman Sachs’ barrier armamentarium sales analysis 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 affect is Robert Kiyosaki, the columnist of “Rich Dad Poor Dad.” He said on the amount aftermost week:
How the cryptocurrency outperforms gold, though, charcoal to be seen.
