"Hmmm can you believe the words of the founder of Galaxy Digital?"
During an interview with Bloomberg Wealth, Galaxy Digital founder Mike Novogratz who is also a staunch supporter of cryptocurrency revealed the ideal investment portfolio for young investors.
If you are still young and dare to take relatively high risks, Novogratz suggests them to invest in Alibaba shares, silver, gold, Bitcoin (BTC) and Ethereum (ETH) as it is the most ideal portfolio.
But if they intend to take a lower risk, he recommends allocating only 30% of the portfolio and the remaining 70% they can invest in bonds or index funds.
Please note that after BlackRock filed an application for a spot BTC ETF last June, Novogratz is more bullish on BTC following its biggest BTC development in 2023.
There is no denying that Fink who is the Chief Executive Officer (CEO) of Blackrock did not believe in BTC at first, but now he says that the digital asset is a global currency and everyone around the world will believe in it.
Novogratz also gave his opinion stating that the price of BTC could reach new highs if the Federal Reserve (Fed) reduces interest rate hikes and does not act aggressively in their monetary policy.
Following Judge Analisa Torres ruling that Ripple is not a security, the entire crypto market including BTC can also react positively following the decision which is a big win for digital assets as this can prove that the SEC does not have clear rules.
