Big-time Bitcoin bull and founder and CEO of Galaxy Digital Holdings, Mike Novogratz, once again made bullish remarks on crypto during an interview with CNBC published on May 24.
Per the interview, Novogratz mentions that capital from retail investors coming to crypto should not be understated as there are 7.5 billion people in the world that could potentially come to crypto. However, he notes that their market involvement will not always be active because retail investors will come and go.
Novogratz on Which Crypto will Succeed
Towards the end of the interview, Novogratz was asked if any of the current leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or EOS will succeed as a currency.
To much surprise, the Bitcoin bull actually thinks Facebook’s upcoming GlobalCoin is very likely to succeed as a usable currency.
He said:
“I think Facebook’s payment currency, I think Telegram’s gonna have one…You’re gonna see one of those payment coins work, and I think that has the chance to be a real currency.”
While Novogratz thinks Facebook’s coin will probably succeed at being used for payments because of its stablecoin nature that’s pegged 1:1 to the U.S. dollar, he mentioned that Bitcoin will be used as a store of value.
Furthermore, Novogratz reiterated his stance on the current state of the crypto market, proclaiming that the crypto winter is over and cryptocurrencies are now in a bull market.
Do you agree with Novogratz that Facebook’s Coin will succeed for payments and that Bitcoin will primarily be used as a store of value? Let us know what you think in the comment section below.
