{"id":45899,"date":"2021-07-12T10:43:28","date_gmt":"2021-07-12T07:43:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45899"},"modified":"2025-09-01T13:39:04","modified_gmt":"2025-09-01T10:39:04","slug":"mike-novogratz-asia-is-selling-bitcoin-while-the-us-is-buying","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-asia-is-selling-bitcoin-while-the-us-is-buying\/","title":{"rendered":"Mike Novogratz: Asia is selling Bitcoin, while the US is buying"},"content":{"rendered":"<p>Galaxy Digital founder Mike Novogratz, in CNBC&#8217;s commentary, said that the American cryptocurrency community has taken a leading position in a bear market whose origins lie in Asia.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We see Asia selling it [Bitcoin], and the United States buying it back. China has declared war on the crypto industry as part of a broader cold war into which we are getting involved,&#8221; he said.<\/p>\n<\/blockquote>\n<p>Novogratz also pointed to a possible correlation of Bitcoin within diversified portfolios. According to him, some hedge funds are selling a portion of digital gold because the asset weighs on their positions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;It will take some time to build a more diverse investor base,&#8221; he said.<\/p>\n<\/blockquote>\n<p>Earlier, <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-exodus-of-miners-from-china-will-benefit-the-industry\">called<\/a> the exit of miners from China a &#8220;big plus&#8221; for the crypto industry. He said that the repressive policies of the PRC will not hamper the development of Bitcoin.<\/p>\n<p>Earlier in June, the founder of Galaxy Digital noted that digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-bitcoin-will-never-become-a-means-of-payment\">will never become a means of payment<\/a>, as its blockchain is not suited for that.<\/p>\n<p>Follow 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, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital founder Mike Novogratz, in CNBC&#8217;s commentary, said that the American cryptocurrency community has taken a leading position in a bear market whose origins lie in Asia.<\/p>\n","protected":false},"author":1,"featured_media":45900,"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":[871,18,1303,1138,26],"class_list":["post-45899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asia","tag-bitcoin","tag-mike-novogratz","tag-opinions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45899","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=45899"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45899\/revisions"}],"predecessor-version":[{"id":45901,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45899\/revisions\/45901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45900"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}