Galaxy Digital CEO Mike Novogratz said that investing in bitcoin is worth at least 3% of the portfolio and storing BTC until at least 2025.
In an interview on the Yahoo Finance Live program, the cryptocurrency enthusiast stressed that the rate of the first cryptocurrency will grow thanks to infusions of funds by institutional and wealthy investors. The adoption of digital assets by companies such as PayPal and Square will also affect the popularity of cryptocurrencies.
“Bitcoin has become a macro asset for hedging the risks of depreciation of the fiat currency, both in the United States and abroad. Everyone should invest 2-3% of their wealth in bitcoin and in five years you will see how these investments will grow, ” said Mike Novogratz.
The CEO of Galaxy Digital expects that bitcoin will remain a volatile asset, but does not think that the BTC rate will again fall to $12,000.
Note that on the morning of November 26, the rates of bitcoin and most major altcoins fell within 10-20%.
Recently, the Novogratz said
about his first experience of investing in cryptocurrencies. Novogratz bought 30,000 BTC and invested in Ethereum at an early stage of its development.