Michael Novogratz said in an interview with Bloomberg that if he had $100 000 to invest, he would choose bitcoin, ether, precious metals and shares in China’s Alibaba:
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“If the investor was young and comfortable with risk, I would recommend buying Alibaba shares. I would also suggest investing in silver, gold, bitcoin and ether. That would be my briefcase. For the more cautious, I would advise investing 30% of the amount in such a portfolio and investing the rest in bonds and index funds.”
Novogratz’s confidence in bitcoin’s future was bolstered after BlackRock’s largest management company filed for a spot bitcoin-ETF. The businessman noted that BlackRock CEO Larry Fink never believed in bitcoin, but has now changed his mind.
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“Now he’s saying BTC will be a global currency and people around the world will trust it. He took an orange pill. He believed in bitcoin,” assures Michael Novogratz.
Novogratz said earlier that bitcoin should rise significantly by the end of the year due to the number of bitcoin-ETF applications and the overall economic situation.