Bloomberg Technology

Novogratz: Bitcoin Won’t Be Used as Currency in Next 5 Years

Oct.23 — Michael Novogratz, founder and chief executive officer of Galaxy Digital Holdings, sees Bitcoin prices going a lot higher but doesn’t see it being used as a transactional currency in the next five years because it is being used as a store of value. He speaks with Bloomberg’s Emily Chang on “Bloomberg Markets.”

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Oct.23 — Michael Novogratz, founder and chief executive officer of Galaxy Digital Holdings, sees Bitcoin prices going a lot higher but doesn’t see it being used as a transactional currency in the next five years because it is being used as a store of value. He speaks with Bloomberg’s Emily Chang on “Bloomberg Markets.”

51 Comments

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    October 23, 2020 at 9:36 pm

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  2. Ori Tabak

    October 23, 2020 at 10:36 pm

    300+ million about to get an email about Bitcoin adoption. The crypto legitimization is real

    • Brandon Derrick

      October 23, 2020 at 11:19 pm

      mrpmj00 libra (crypto like bitcoin) …. someone is misinformed. There’s nothing like bitcoin. Nothing!

    • Brandon Derrick

      October 23, 2020 at 11:20 pm

      Ori Tabak the only way US can lose reserve status is if bitcoin takes it. No other currency on earth can displace the USD.

    • Ori Tabak

      October 23, 2020 at 11:26 pm

      @Brandon Derrick China about to take the world superpower throne, and they’ll bring the yuan to overshadow the dollar and euro. Crypto will be its own thing, the 2 can and will co-exist (at least for a while)

    • Brandon Derrick

      October 23, 2020 at 11:34 pm

      Ori Tabak China currency is 1/8th the value of the dollar. They’re never passing us. We have more money, better govt, colleges , financial markets and neighborhoods. The United States will lead the world for another 500 years.

    • Ori Tabak

      October 24, 2020 at 1:20 am

      @Brandon Derrick Sorry to be the bearer, but we are in the midst of decline.. Have been for 40 years.

  3. mrpmj00

    October 23, 2020 at 10:44 pm

    BITCOIN is toy monopoly money. Better to buy Facebook, and get free Libra (crypto like bitcoin) and eCommerce as icings on

    the cake.
    It’s been 10 years and most people still don’t know or care. It’s like a pet rock.
    You cannot take gold, silver, and to a large extent bitcoin into a store and buy food yet.
    I bought Amazon, Apple, Nvidia, Facebook, Microsoft, Google, Wells Fargo, CRM, , Broadcom (AVGO), Adobe

    • Brandon Derrick

      October 23, 2020 at 11:16 pm

      Bitcoin has outperformed all those stocks combined. And bitcoin isn’t meant to be spent. The Mona Lisa, diamonds, and Pappy Van Winkle are also like a pet rock. Are they going to lose their value to lol? No because like bitcoin you don’t spend them. You spend the bad money and hoard the good. Do more homework. Or don’t, bitcoin doesn’t care.

  4. Kimberly Kim

    October 25, 2020 at 9:47 am

    *Mr* *JOSHUA* *FEDRICK* is not like other bitcoin miners that do tell stories and excuses why the trade didn’t go well after investing , he help you show you how you monitor your earnings.

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    October 25, 2020 at 9:49 am

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    October 25, 2020 at 9:57 am

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    • Faye Balz

      October 25, 2020 at 10:08 am

      @Ed Go go thanks

    • Patrick arnold

      October 25, 2020 at 7:35 pm

      It’s a scam

  7. Ed Go go

    October 25, 2020 at 10:03 am

    you can mail him at ((officialjoshuafedrick@gmail.com))

    • Faye Balz

      October 25, 2020 at 10:07 am

      Thank you

  8. Ed Go go

    October 25, 2020 at 10:03 am

    +1..9..1..4..6..5..0..7..8..9..6

  9. Faye Balz

    October 25, 2020 at 10:07 am

    Thanks for he’s details i just mailed Mr. Joshua now I hope he responds to me I’m interested to invest in bitcoin.

    • Jamal Uddin

      October 25, 2020 at 4:16 pm

      These are scammers bro. Don’t give out any info

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    October 25, 2020 at 12:51 pm

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  11. michael lilienfeld

    October 25, 2020 at 1:28 pm

    Buy bitcoin.

  12. Kevin Heise

    October 25, 2020 at 2:11 pm

    Well obviously if you’re holding you won’t entertain the idea that you might be wrong.
    I think it’s obvious that a decentralized currency will never be mainstream. At least not without removing the mainstream first.

  13. James Bond

    October 25, 2020 at 3:13 pm

    Facebook’s libra reserve crypto set to be a game changer with its 2.7 BILLION current active users.

  14. Jimmy Bones

    October 25, 2020 at 3:33 pm

    “I InVeStEd WiTh JoShuA FrEdRiCk, I MaDe mIlLiOnS oF DolLarS”
    -Scammer

    • Jamal Uddin

      October 25, 2020 at 4:15 pm

      Agree. Now we gotta deal with these scammers. On here. Trying to help make everyone a millions 😆

    • You Tube

      October 25, 2020 at 4:44 pm

      I invested with Foshua Jederick. He’s the real deal. Don’t trust Joshua Frederick.

    • Jimmy Bones

      October 25, 2020 at 5:00 pm

      😂😂😂

  15. paul tighe

    October 25, 2020 at 5:24 pm

    miami mike, 70s coke pimps styles

  16. Shawn

    October 25, 2020 at 6:23 pm

    “it’s hard to buy bitcoin”
    lol theres like a million exchanges

  17. DAVID O CONNOR

    October 25, 2020 at 6:41 pm

    This guy is talking rubbish..bitcoin or any other crypto is not a tangable thing…its fake!!!…its not backed by anything!!!..I’ve never seen a bitcoin…how can you save them in a cookie jar!!…this invisible currency is bloody insane!!!…the Emperor’s New Clothes comes to mind!!! By the way the USD has no value either!!

    • ShowingYouOnline

      October 25, 2020 at 7:05 pm

      Hahaha you think $27Trillion of debt and unlimited printing of USD that’s no longer backed by gold or any actual asset is sustainable?

      Stick with the banks. Doesn’t matter. The world is changing so fast that not everyone will be able to keep up. You’re one of those people. Good luck.

    • DAVID O CONNOR

      October 25, 2020 at 7:22 pm

      @ShowingYouOnline agreed…the dollar technically has no value…its worthless aswell!!!

  18. Be Nice

    October 25, 2020 at 7:23 pm

    Bitcoin please go to moon.

    • Lazy Cat

      October 25, 2020 at 9:40 pm

      Stop going sideways now

  19. Be Nice

    October 25, 2020 at 7:24 pm

    Stop going sideways now.

    • Lazy Cat

      October 25, 2020 at 9:42 pm

      Tony Vays say it’s going down to 1k but Mr. Novogratz say it’s bbbbbbbotttttttooooooommmmmmmeeeeeddddd out.

    • Be Nice

      October 25, 2020 at 10:29 pm

      @Lazy Cat Let us go to 🌙.

  20. Be Nice

    October 25, 2020 at 7:25 pm

    Novogratz is bullish. Let us go to moon.

  21. Neil B

    October 25, 2020 at 7:29 pm

    All we need is a Carrington event and Bitcoin will reset to zero, along with all digital currencies.

  22. TG

    October 25, 2020 at 7:36 pm

    In fact, bitcoin will never be used as currency.

    • Evan Martinez

      October 25, 2020 at 9:01 pm

      Already is lol

    • TG

      October 25, 2020 at 9:04 pm

      @Evan Martinez Oh…. already is…. ok……. let me ask you something: can you pay taxes with bitcoins?

  23. FM. Alexander.

    October 25, 2020 at 9:07 pm

    “Mike Listen” HEX has beheaded BTC ✝️

  24. Lazy Cat

    October 25, 2020 at 9:39 pm

    Bitcoin please go to moon

  25. Vincent Cazzetta

    October 25, 2020 at 9:49 pm

    I don’t think so sparkie

  26. Joshua Hurt

    October 25, 2020 at 10:41 pm

    Hasn’t moved much in the last 6 months? What chart is this lady looking at??

  27. Joel Davies

    October 26, 2020 at 12:14 am

    Buddy you’re out of touch. Just go with what you know lol

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