Bitcoin Bull Mike Novogratz Says Unrest In This Country Illustrates Another Reason To Buy King Crypto: Safe Place To Store 'Fruits Of Your Labor' A Human Right
Portfolio Pulse from Aniket Verma
Mike Novogratz, CEO of Galaxy Digital, advocates for Bitcoin as a safe haven amid Nigeria's economic crisis, citing record-high inflation and currency devaluation. He emphasizes Bitcoin's role as a refuge for preserving wealth. Despite Bitcoin's recent price drop, it has shown significant growth year-to-date.
August 05, 2024 | 7:20 am
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Mike Novogratz promotes Bitcoin as a safe haven amid Nigeria's economic crisis, highlighting its potential to preserve wealth against inflation and currency devaluation. Despite a recent 17% drop, Bitcoin has grown 20% year-to-date.
Novogratz's endorsement of Bitcoin as a safe haven amid Nigeria's economic turmoil could attract more investors to Bitcoin, potentially driving its price up in the short term. However, the recent 17% drop indicates volatility.
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