{"id":49113,"date":"2021-09-08T18:41:17","date_gmt":"2021-09-08T15:41:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49113"},"modified":"2025-09-02T11:01:03","modified_gmt":"2025-09-02T08:01:03","slug":"mike-novogratz-calls-bitcoin-the-next-internet","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-calls-bitcoin-the-next-internet\/","title":{"rendered":"Mike Novogratz calls Bitcoin the &#8216;next Internet&#8217;."},"content":{"rendered":"<p>The founder of Galaxy Digital, Mike Novogratz, in an interview with <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-07\/mike-novogratz-says-bitcoin-btc-price-drop-is-air-being-popped-out-of-balloon?srnd=cryptocurrencies&#038;sref=323RPL5z\\\">Bloomberg<\/a> expressed calm about <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-47000\">the rout in the cryptocurrency market on September 7<\/a> and compared the usefulness of digital gold with the advent of the Internet.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>He said that the fall in Bitcoin&#8217;s price is linked to elevated tensions in the industry. Novogratz believes that retail investors dominate the cryptocurrency market, reacting too sharply to price volatility.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Cryptocurrencies are not just buying Bitcoin as a hedge against poor monetary policy. This is Web 3.0. It&#8217;s like the Internet in terms of value transfer,\\&#8221; explained the head of Galaxy Digital.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Novogratz compared the first cryptocurrency to <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-accuses-us-politicians-of-misunderstanding-cryptocurrencies\">&#8216;next Internet&#8217;<\/a>, one that does not want to miss any investors.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>On September 7, Bitcoin fell below $43,000. The total amount of liquidations surpassed $3 billion.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"640\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-08-v-17.48.58-1024x640.png\\\" alt=\\\"Mike Novogratz called Bitcoin the 'next Internet'.\\\" class=\\\"wp-image-148645\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-08-v-17.48.58-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-08-v-17.48.58-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-08-v-17.48.58-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-08-v-17.48.58-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-08-v-17.48.58-2048x1280.png 2048w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>BTC\/USDT chart on Binance. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTCUSD\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>\\n\\n\\n\\n<\/p>\n<p>In August, Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-accuses-us-politicians-of-misunderstanding-cryptocurrencies\">stated<\/a> that American policymakers and officials are not doing enough to understand cryptocurrency technology, and hinder innovation in finance.<\/p>\n<p>\\n\\n\\n\\n<\/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 analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder of Galaxy Digital, Mike Novogratz, in a Bloomberg interview, expressed calm about the rout in the cryptocurrency market on September 7 and compared the usefulness of digital gold with the advent of the Internet.<\/p>\n","protected":false},"author":1,"featured_media":49114,"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":[18,1303,1138],"class_list":["post-49113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49113","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=49113"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49113\/revisions"}],"predecessor-version":[{"id":49115,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49113\/revisions\/49115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49114"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}