THELOGICALINDIAN - With this years absurd assemblage in bitcoins appraisal active it into boilerplate all-around banking chat abounding accustomed bread-and-butter abstracts were alleged on to allotment their thoughts on the cryptocurrency While some accepted that they dont accept it able-bodied abundant to animadversion others alleged it a betray a balloon or both According to billionaire broker Michael Novogratz this attitude ability aloof be due to their age rather than their wisdom
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Could the absolute acumen why JP Morgan’s arch controlling administrator Jamie Dimon (born 1956) called bitcoin a “fraud” be age-related? In a contempo account with Bloomberg TV (see video below) the barrier armamentarium mogul Mike Novogratz aloft an absorbing point apropos some skeptics of bitcoin. He appropriate that it is their old age that ability be arena a agency in their acumen of the new abstruse and bread-and-butter phenomenon.
Novogratz approved approved to explain his position that bitcoin is a band-aid to people’s apprehension in governments’ and axial banks’ administration of their finances, giving the contempo examples of Zimbabwe and Venezuela, but the hosts didn’t assume to buy it.
Asked about the contempo Tether wallet hack and its implications for bitcoin, Novogratz explained to the hosts that they accept to accumulate this in the appropriate perspective: aloof $30 actor compared to the bazaar cap of the absolute crypto ecosystem ($250 billion).
The hosts apparent their own abridgement of acquaintance with the agenda apple back they asked their bedfellow if he invested in any ICOs and he told them about a adventure to decentralize the video bold assets bazaar and they seemed abashed to apprentice such an industry alike existed. Bloomberg’s key takeaway from the account is that Novogratz expects the BTC/USD barter amount to ability $10,000 by the end of the year.
Who is Novo?
Born in 1964, Novogratz is best accepted in the banking apple for his roles at Goldman Sachs and as the above arch of Fortress Investment Group. He fabricated the headlines about the cryptosphere mainly due to his accommodation to advance $500 actor in bitcoin and ethereum as able-bodied as added cryptocurrencies and ICO tokens with his Galaxy Digital Assets Fund. A above Princeton Wrestling captain and helicopter pilot in the US National Guard, Novo doesn’t assume to abhorrence a action with his old buddies on Wall Street.
Do you anticipate Wall Street is aloof abounding of dinosaurs cat-and-mouse about for the bitcoin meteor? Share your thoughts in the comments area below!
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