Bitcoin Will Go To The ‘Moon’ Once Fed Pauses, Novogratz Says
Novogratz said that though Bitcoin has largely traded in tandem with the tech-heavy Nasdaq 100, it could be in the process of disabusing itself from that relationship. Bitcoin’s purpose, he says, won’t be for purchasing everyday items, like shoes. But, “it’s that I’m going to take some of my wealth and preserve and store it there.” The coin, he added, is becoming a part of institutional portfolios.
