{"id":55206,"date":"2021-12-25T10:14:30","date_gmt":"2021-12-25T08:14:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55206"},"modified":"2025-09-04T00:12:17","modified_gmt":"2025-09-03T21:12:17","slug":"mike-novogratz-bitcoin-less-volatile-than-altcoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-bitcoin-less-volatile-than-altcoins\/","title":{"rendered":"Mike Novogratz: Bitcoin less volatile than altcoins"},"content":{"rendered":"<p>Galaxy Digital founder Mike Novogratz, in a Squawk Box interview, said that volatility of the first cryptocurrency is lower than that of other digital assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u00abI do think volatility certainly in <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> is coming down,\u00bb says <a href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@Novogratz<\/a>. \u00abAs institutions come in we are seeing less volatility and I think that is a good thing. I don\u2019t think bitcoin becomes a transactional currency. I think it is tailor made to be stored value.\u00bb <a href=\"https:\/\/t.co\/7VkU0xkBn6\">pic.twitter.com\/7VkU0xkBn6<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1474006601287749641?ref_src=twsrc%5Etfw\">December 23, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abI really think Bitcoin volatility is decreasing. As institutional investors come in we are seeing less volatility, and I think that is good. I don\u2019t think Bitcoin will become a transactional currency. It is designed to preserve value\u00bb, he said.<\/p>\n<\/blockquote>\n<p>Novogratz also called the first cryptocurrency digital gold and a hedge against fiat currency inflation.<\/p>\n<p>Earlier he stated that 75% of altcoins <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-75-of-cryptocurrencies-will-not-survive-to-the-next-decade\">\u043d\u0435 \u0434\u043e\u0436\u0438\u0432\u0443\u0442 \u0434\u043e \u0441\u043b\u0435\u0434\u0443\u044e\u0449\u0435\u0433\u043e \u0434\u0435\u0441\u044f\u0442\u0438\u043b\u0435\u0442\u0438\u044f<\/a>. According to Novogratz, Bitcoin will fundamentally change the financial system.<\/p>\n<p>Back in November, SkyBridge Capital founder Anthony Scaramucci <a href=\"https:\/\/u1f987.com\/en\/news\/scaramucci-bitcoin-could-trade-at-500000\">\u0441\u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u043e\u0432\u0430\u043b<\/a> the rise in the price of the first cryptocurrency to $500 000.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital founder Mike Novogratz said that volatility of the first cryptocurrency is lower than that of other digital assets.<\/p>\n","protected":false},"author":1,"featured_media":55207,"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":[1145,1303,1138],"class_list":["post-55206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis","tag-mike-novogratz","tag-opinions"],"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\/55206","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=55206"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55206\/revisions"}],"predecessor-version":[{"id":55208,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55206\/revisions\/55208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55207"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}