"Great bubbles usually end with policy moves," the investor told CNBC's"Squawk on the Street.""It doesn't look like the Fed is going to raise rates … the liquidity story isn't going to go away. We're going to get a big stimulus."Gold futures rose 2.2% Tuesday to as high as $1,974.40 an ounce. Bitcoin climbed 6% to as high as $11,379 per coin, trading near its highest level in a year.
"Bitcoin still has a lot of retail interest in it," he said."A lot of that retail interest shifted to the story stocks, to the tech stocks because they were just more fun ... yesterday you saw a lot of money shift back over to gold and bitcoin."
Better headline would be 'Guy with many bitcoins, which have no practical utility (*), wants you to pump up the price' * besides paying ransom/drug dealers
Criminal space.
Hey novogratz, why don't you tell people about Tether? People should know about the risk. Are you scared they woildnt buy into your pyramid scheme?
Wrong. Bitcoin will only surge higher as long as the fake money printer named Tether_to will go on pumping it with an unbacked stable coin. Don't call for it.