Bitcoin bull and bear cases as Musk's Tesla invests $1.5 billion - Business Insider

or lack thereof. Insider compiled the views of Mike Novogratz and Sharmin Mossavar-Rahmani, who are respectively the CEO of Galaxy Digital and the chief investment officer for wealth management at Goldman Sachs.Prior to founding crypto-focused Galaxy Digital, Novogratz was known as a legendary macro trader and hedge fund manager. He began his career at Goldman in 1989 and then joined money manager Fortress Investment Group.

Novogratz was not an early enthusiast. He had wanted to sell out of his position when bitcoin reached $1,000 but was persuaded against it by his then-partner. "I knew it was a bubble, I talked about it being a bubble, I sold a lot of stuff," he said."But I decided to start a company anyway, because I figured this won't be a long burst, that the underlying people in this space aren't going to give up and the underlying technology is real."

Rahmani is skeptical of the argument that bitcoin is a store of value."The question we ask ourselves is who assigns that value," she said, comparing bitcoin's run-up in price to, which were driven to as much as $470 a share before plunging almost 60% in the past week.

Bitcoin isn't only thing Tesla buying! Silver Shortages are here. We can't source enough for our solar panels and Tesla out buying huge amounts for EVs and panels.

How are things with the capitol now?

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