[블록미디어] “After taking this medicine, a different world will unfold.”
Bitcoin maximalists describe people who don’t believe in BTC as believing in the potential of Bitcoin as “having an orange pill.” It means converted.
Bloomberg reported on the 29th that Galaxy Digital’s Mike Novogratz said, “BlackRock CEO Larry Fink ate an orange peel.”
The following is a Bloomberg article summarizing the Novogratz interview on Bloomberg TV.
# Top newsmaker this year is Larry Fink
“The most important thing that happened to Bitcoin this year is Larry Fink,” Novogratz said, referring to Larry Fink, CEO of BlackRock, the world’s largest asset manager.
BlackRock filed for an ETF that tracks the spot price of Bitcoin in June. A new wave of investment in cryptocurrencies is expected if the Securities and Exchange Commission (SEC) approves ETFs.
What excites Novogratz is Larry Fink himself, who has transformed from a cryptocurrency skeptic to a Bitcoin believer who calls Bitcoin a ‘global digital asset’.
“Larry Pink took what we call the ‘orange pill. The orange pill is meant to turn non-believers into Bitcoin believers. Larry was an unbeliever. Now he says, ‘Hey, this is going to be a global currency.’”
#Bitcoin Mass Adoption… Bitcoin to break through highs
As for BlackRock’s ETF push and Pink’s conversion, Novogratz said it was part of an “adoption” cycle. It is an opportunity for Bitcoin to transform into a general financial product.
“Bitcoin could break its all-time high of $69,000 in 2021 if the Fed’s interest rate cuts and mass adoption go hand in hand,” Novogratz said.
# Ripple ruling is a victory for the cryptocurrency industry
Novogratz called the Ripple ruling a “big win” for cryptocurrencies.
“The ruling that Ripple’s XRP tokens are securities in some cases and not in others is a win for the cryptocurrency industry because it ‘proves that the rules are not clear,’” Novogratz said.
Novogratz is one of Wall Street’s top cryptocurrency advocates. He first invested in Bitcoin when Bitcoin was trading at around $100. In 2018, he founded Galaxy Digital, which provides financial services such as trading, investment banking, and asset management in the cryptocurrency industry.
Novogratz’s reputation was damaged by the Terra-Luna Crisis. His arm is still tattooed with the word ‘Luna’ and a wolf howling at the moon.
“It’s a good reminder of arrogance.”
Novogratz said he would not remove the tattoo.
# AI frenzy and World Coin
If you have $100,000, Novogratz advises you to invest like this.
“If you were young and risk-taking, you would have bought Alibaba stock. You would have also bought silver, gold, bitcoin and ether. A low-risk person should invest 30% in a portfolio like this and 70% in bonds and index funds.”
I asked if World Coin could be successful.
“You don’t want to bet against Sam Altman right now.”
“Since artificial intelligence (AI) is in a hype cycle, I think it could potentially lead to a much higher WorldCoin price,” Novogratz said. But I’m not sure we’ll all have World IDs.”
# Will continue to do business in the US
This year, large cryptocurrency companies are showing signs of going abroad. This is because the SEC’s enforcement action has greatly shaken its position in the United States.
Galaxy is also preparing to move some of its business overseas. “I don’t think we’re not in America or we’re not in New York,” Novogratz said.
Breaking news via Block Media Telegram (click)
good article to look at
“Cryptocurrency is at the center of the battle for supremacy between the US and China… It is a national security issue” – Fortune
2023-07-29 14:26:00
#BlackRocks #Larry #Fink #Orange #Peel…Both #Bitcoin #WorldCoin #Rise #Novogratz #block #media
