Bitcoin [BTC] investor and Billionaire, Mike Novogratz, thinks the recent Bitcoin rally is due to Trump’s trade war. In a CNBC interview, Mike Novogratz said,
“I would say, there certainly feels to be Chinese money moving into this space, into crypto. Why did Bitcoin go from $4,000 to $8,000? Because of Facebook, because of Microsoft? I think it is because of this trade war, and because a lot of the selling was done.”
Mike Novogratz also believes that Bitcoin has proved itself to be a great store of value and is a direct competitor to gold.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
