Investor Mike Novogratz: Biden, red Senate boost tech stocks, Bitcoin - Business Insider

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Famed investor Mike Novogratz expects a Biden victory and a Republican-controlled Senate to boost tech stocks and bitcoin

If Joe Biden wins the presidency and Republicans hold the Senate, both stocks and Bitcoin will benefit, Galaxy Digital CEO and investor Mike Novogratz said on"The markets are liking this," Novogratz said about the potential for a conservative Senate and an end to President Trump's "chaos."

"Stocks are gonna do well," the former hedge-fund manager continued. "People are gonna feel really comfortable" about the nation's apparent rejection of far-left politicians, he added.Bond king Jeff Gundlach predicts a Trump win, but with 'far less conviction' than in 2016. He and famed economist David Rosenberg share their picks for the best and safest areas to invest in a post-election world.

Indeed, Apple, Amazon, Facebook, Google-parent Alphabet, and Microsoft shares all rose as much as 4% in pre-market trading on Wednesday.

 

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