- Michael Novogratz, founder, and CEO of Galaxy Digital joined CNBC’s Closing Bell for an exclusive interview earlier this day.
- Novogratz shares with CNBC’S Closing Bell about where he is spotting the window of opportunity amid the inconsistencies the market is facing.
- With the Bitcoin halving event almost having arrived, he added on how that is one of the great opportunities amongst all.
Michael Novogratz, founder, and CEO of Galaxy Digital joined CNBC’s Closing Bell for an exclusive interview earlier this day. CNBC’S Closing Bell took to Twitter to share the same. It added that Mike in the interview will provide a brief regarding where he is finding opportunities in the bitcoin and crypto market.
— CNBC's Closing Bell (@CNBCClosingBell) May 4, 2020
Novogratz shares with CNBC’S Closing Bell about where he is spotting the window of opportunity amid the inconsistencies the market is facing. With the high volatility in the prices and stocks falling apart, there had been negativity all around.
Always fun to talk markets. Especially when crypto is doing well ? https://t.co/77cji0u7YJ
— Michael Novogratz (@novogratz) May 4, 2020
He further highlighted how central banks worldwide had put us in a situation that never had come our way before. Also pointed out there was chaos everywhere regarding how the world will be able to tackle such happenings.
Despite all the downfalls that have been happening, Novogratz sounded optimistic to his full potential. He shared with them about how ambitious he stands regardless of all the calamities.
Novogratz believes Bitcoin halving will create space for inflation
It is worth drawing attention to what he had to say with regard to Bitcoin. He asserted about his love for the king of cryptocurrency. With the Bitcoin halving event almost having arrived, this bitcoin lover adds on how that is one of the great opportunities amongst all. Also, a few days apart is the BTC halving that will reduce the miner rewards creating an inflationary environment. He does not forget to mention how much impact the event can have on Bitcoin. Hence, this anticipated event is wherein Novogratz is finding the most opportunity.
Furthermore, he outlined how the crypto king is witnessing a lot more new investors in its space. As the halving event has come very close to its approach. Thereby, it seems like he is confident the halving event will cause a positive surge in the BTC price.
Lastly, he mentioned about Hedge funds as he hopes there will be announcements sooner or later with regard to trading. A hedge fund is an investment fund wherein it trades liquid digital assets. Through all his talk, he appears very firm in his perspective there will be growth. He also ascertained how fun the Bitcoin environment has been.