Mike Novogratz: Bitcoin [BTC] rally is due to Trump’s trade war
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.
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