Bitcoin Bull Mike Novogratz said it would hold more gold than Bitcoin

Billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own fewer bitcoins. Novogratz's statements followed his recent advice last month when he said investors should watch gold and bitcoin.

Michael Novogratz has been a renowned investor and hedge fund manager at Fortress Investment Group for many years. Now Novogratz is a big believer in digital currencies and in 2017, he told the press that 20% of his net worth was in bitcoin (BTC) and ethereum (ETH).

Novogratz is also known for his price predictions and in December 2017 he forecasted bear market prices. The investor currently leads Galaxy Digital Holdings Ltd., and he continues to make price predictions.

Galaxy Digital founder and billionaire investor Michael Novogratz.
On June 1, Novogratz tweeted with his 142,000 Twitter followers that people should watch the Gold Watch vs. bitcoin, and if that chart breaks higher, it will strengthen bitcoin. Now after the first week of July has ended and the BTC price has hovered right above the $ 9k area, Novogratz told the public that they should hold more gold than bitcoin on CNBC Time Fast Money published on August 8. July.

My consciousness is that bitcoin is superior to gold, but I will tell people that there is less bitcoin than gold, just because of the volatility, says Novogratz in a Fast Money interview. The Galaxy Digital founder added:

Bitcoin is still difficult to buy. If it is easier to buy, it will be much higher. And more and more people make buying easier: money is set up, custody is done, at one point we will get an ETF.

The spot price per troy ounce is 0.999 gold on July 9, 2020. Today, July 10, 2020, the price per ounce is fluctuating around $ 1,804 per ounce.
Gold has shed tears recently and the price per ounce is 0.999 gold soaring above $ 1,800 per ounce. On July 9, the price per ounce rose more than 13% and reached $ 1,811 per ounce in mid-afternoon trading sessions.

At the time of publication, the price of gold dropped lower as spot markets showed an ounce swapping at $ 1,804. The famous gold bug Peter Schiff loves the fact that gold is above the $ 1,800 range and he just gained a quarter million million followers on Twitter on Thursday. However, Schiff said that most people do not pay attention to running up gold.

This is the most unpopular bull market I've ever seen, lemon Schiff tweeted. Since the end of 2015, gold prices have increased by more than 70%, exceeding the increase in the S&P 500 by about 40%. Despite this performance and the best basic [and] chart pattern in history, investors still prefer stocks.

Unlike billionaire investor Michael Novogratz, Peter Schiff still has an extreme dislike for cryptocurrencies. Bitcoin Bitcoin owners are extremely optimistic and almost every article I read predicts that Bitcoin is on the verge of an explosive rally, recently, Schiff Schiff wrote. However, despite this optimism, Bitcoin has fluctuated less than 10 thousand dollars in [three] months. If bitcoin can rise in price now despite the great fundamentals, when will it be

Max Keizer said on July 10, that he invited Peter Schiff back in Keizer's Report program to discuss PPP, gold and possibly bitcoin.

However, his views were very popular, no need to try again, IMO, stormed Keizer tweeted.