Cryptocurrencies
Novogratz Compares Crypto to Peloton While Preaching Patience
- Says could take 5-6 years for tokens to impact people’s lives
- Largest digital coin has gained close to 180% so far this year
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Billionaire investor Mike Novogratz says Bitcoin’s getting ready for its next leg up.
“I think it’s when institutions start coming in,” the chief executive officer of Galaxy Digital Holdings Ltd. told Bloomberg Television on Wednesday, adding that greater adoption by mainstream companies takes longer than many think. But, “they’re slowly and steadily moving in.”