Bitcoin Is Going to Be Digital Gold, Says Galaxy’s Novogratz

Feb.13 — Mike Novogratz, founder and chief executive officer at Galaxy Digital, discusses cryptocurrencies, where he sees the sector heading in the coming months, bitcoin, his comments on the equity market rally and his top trades. He speaks on “Bloomberg Daybreak: Middle East.”


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  1. Btc still a good investisment.
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  2. gold sucks. gotta take it to a dealer get 3-6% less than spot. then they gotta verify…then you get a check…then you go to a bank to deposit. LIKE WTF LOL…..WHy would I do that when I can buy something digitally rare and near instantly for cents? I don't even have to leave my house, I',m socially awkward like 99.99% of millenials and we don't want to interact with anyone

  3. Elon Musk, has gone public with his belief that cryptocurrency offers an improved alternative to conventional money.
    Go to minute 25:35 Elon start talking about Crypto. He said.
    “It [cryptocurrency] bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”
    cryptocurrency, in the case of bitcoin for instance, he said he believes its use of a large computing network to secure its ledger is “computationally energy intensive.” He added that, for a company that aims to boost the adoption for sustainable energy, it may not be “a good use of Tesla’s resources to get involved in crypto.”
    “It’s very energy intensive to create bitcoin at this point,” he said.

    Proof of work is profoundly destructive and entirely unnecessary in the face of perfectly green consensus technologies. The embrace Bitcoin narrative needs to change.
    XRP Baby!!!! XRP is the way!!!

  4. They are not investing because they know BTC, like everything, will fall soon, so they are waiting for the next general panic and major low in everything.

  5. Have you ever bought or sold a house? Have you seen all the fees that seem redundant? Well, blockchain will eliminate all that. No waiting for 3-5 days with your money in a vacuum paying interest each day.

  6. Absolute crap. Never seen a line of code in his life that fella. Total naive ignorance. Once XRP's market cap gets above BTC, all the BTC dreamers like this fella will fall into line. 2019 it will happen. XRP will reign.

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  9. While you people are watching Bitcoin, you're missing the real players in the market. Karatbars International released two coins called KBC and KCB. CEO Harold Seiz has launched the first Cryptocurrency bank in Florida. Both coins are backed by gold. Since the crypto coins are decentralized, they have not been regulated the same way as the stock market. Karatbars owns 2 goldmines with enough gold in the ground to back ever coin with a gram of gold. By depositing gold in the bank in Florida, the price will go up. Mr. Seiz has projected that by July 4th, 2019 that 100 KCB or KBC coins will be worth one gram of gold. There are some estimates that the coins could even be worth $40-$50 each.

    KBC and KCB are both backed by gold. This makes them a stronger store of wealth off the grid of the banking system. Bitcoin is not backed by anything but popular opinion.

    So, while this video is a great advertisement for Bitcoin, there are things missing. Does Bitcoin have its own gold reserve ready to back it? It doesn't sound like it to me. Why would we want something that is compared to gold when we can have gold-backed cryptocurrency.

    Karatbars has a half million affiliates around the world and this includes 136 countries. So while we are distracted by the shiny jewelry in the window, the real gold is being stored in the back of the shop.

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  10. you cant use it and you cant spend it, you can store it of course but show me the usage that is bottom line. It can be traded on the market but if you think amazon or any other retailer are going to use crypto to buy and sell products you are kidding yourself

  11. <Quote>: The idea it's supposed to be free and cheap is actually misguided. </Quote> Does he even listen to himself while he speaks? Everything was going to be a version of bitcoin? Doesn't know what he's talking about.

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