1 Cryptocurrency To Buy Before It Soars, According to This Billionaire
One of the smartest minds in the crypto industry is billionaire Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital Holdings (TSX: GLXY). As a former hedge fund manager and partner at Goldman Sachs Group (NYSE: GS), Novogratz is particularly talented at bringing insights from Wall Street and traditional finance to the Wild West world of crypto.
And right now, Novogratz is extremely bullish on Bitcoin (CRYPTO: BTC), which he thinks could soar in the years ahead. That's based on two fundamental insights into how the traditional financial markets work. Let's take a closer look.
According to Novogratz, the SEC's approval of a spot Bitcoin ETF investment product will be huge for Bitcoin's future prospects. In fact, at the end of December, he told CNBC that he thought Bitcoin could eventually go parabolic.
Source Fool.com
