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CEO Of Galaxy Digital Mike Novogratz Says Everyday Bitcoin Is Becoming A More Obvious Investment

Emily Mason

Summary: Mike Novogratz, CEO of Galaxy Digital, stated that Bitcoin is becoming a more obvious investment every day in a tweet on Tuesday, October 27.  "On a risk-adjusted basis, BTC is an easier bet today than it has ever been," Novogratz wrote. "It’s being de-risked daily." His tweet comes as Bitcoin's price continues to rally following ...

Mike Novogratz, CEO of Galaxy Digital, stated that Bitcoin is becoming a more obvious investment every day in a tweet on Tuesday, October 27. 

"On a risk-adjusted basis, BTC is an easier bet today than it has ever been," Novogratz wrote. "It’s being de-risked daily."

His tweet comes as Bitcoin's price continues to rally following the announcement last week that PayPal account holders will be able to buy, sell and hold cryptocurrencies. This year, MicroStrategy also made Bitcoin the company's primary reserve currency, a move which some in the community have taken as a sign of increased institutional acceptance and interest in Bitcoin.

By Emily Mason

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