{"id":40307,"date":"2021-04-07T10:27:28","date_gmt":"2021-04-07T07:27:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40307"},"modified":"2025-08-30T13:35:38","modified_gmt":"2025-08-30T10:35:38","slug":"mike-novogratz-explains-why-he-bought-facebook-shares","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-explains-why-he-bought-facebook-shares\/","title":{"rendered":"Mike Novogratz explains why he bought Facebook shares"},"content":{"rendered":"<p>Founder of Galaxy Digital, Mike Novogratz, said in an interview with <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-06\/crypto-billionaire-novogratz-says-he-s-shorting-interest-rates\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bloomberg Television<\/a> that he bought Facebook shares to profit from the rise of cryptocurrencies.<\/p>\n<p>The investor expects Facebook&#8217;s Novi digital wallet to launch in the second quarter of 2021.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs soon as that happens, 2.4 billion people will join the crypto space,\u201d explained Novogratz.<\/p>\n<\/blockquote>\n<p>Earlier, the investor said that Bitcoin&#8217;s market capitalization would inevitably reach and <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-bitcoins-market-capitalisation-will-inevitably-reach-golds-level\">exceed the total market value of gold<\/a>.<\/p>\n<p>Earlier, Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-hails-elon-musk-as-a-genius-and-predicts-bitcoin-to-reach-100000\">forecast Bitcoin to rise to $100,000<\/a> by the end of 2021.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founder of Galaxy Digital, Mike Novogratz, told Bloomberg Television in an interview that he bought Facebook shares to profit from the rise of cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":40308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[611,1303,1211],"class_list":["post-40307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-facebook","tag-mike-novogratz","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40307"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40307\/revisions"}],"predecessor-version":[{"id":40309,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40307\/revisions\/40309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40308"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}