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Putting 2% To 3% of Net Worth In Bitcoin And Holding 5 Years Will Bring Rich Returns, CEO Says

Mary Liu

Summary: Mike Novogratz, Galaxy Digital founder & CEO recommended in a live interview with Yahoo Finance that people can invest 2% to 3% of personal net assets in Bitcoin, after 5 years, there will be substantial benefits. Novogratz described it as "it’s going to be a whole lot more". Apart from this, Novogratz believes the current rally of ...

Mike Novogratz, Galaxy Digital founder & CEO recommended in a live interview with Yahoo Finance that people can invest 2% to 3% of personal net assets in Bitcoin, after 5 years, there will be substantial benefits. Novogratz described it as "it’s going to be a whole lot more".

Apart from this, Novogratz believes the current rally of Bitcoin is driven by institutions and well-known investors "slowly getting into the space", like PayPal and some notable billionaires. Novogratz predicts that the volatility of crypto assets will continue to exist, but the price of Bitcoin is unlikely to "get down below $12,000 again."

By Mary Liu

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