{"id":57017,"date":"2023-07-30T19:09:03","date_gmt":"2023-07-30T19:09:03","guid":{"rendered":"https:\/\/egrowonline.com\/?p=57017"},"modified":"2023-07-30T19:09:03","modified_gmt":"2023-07-30T19:09:03","slug":"alibaba-silver-gold-bitcoin-ethereum-mike-novogratzs-ideal-portfolio","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=57017","title":{"rendered":"Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolio"},"content":{"rendered":"


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Galaxy Digital’s founder Mike Novogratz<\/a> shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying<\/a> that he’d invest in the Chinese giant Alibaba, silver, gold, Bitcoin (BTC<\/a>), and Ethereum (ETH<\/a>).<\/p>\n

\u201cIf they were young and had a high-risk tolerance, I\u2019d be buying Alibaba stock. I\u2019d be buying silver, gold, Bitcoin and Ethereum. That\u2019d be my portfolio,\u201d he said in allusion to someone investing $100,000. For those with lower risk tolerance, he recommended allocating only 30% of a portfolio in the example, with the remaining 70% in bonds and perhaps index funds.<\/p>\n

Novogratz’s bullish stance on Bitcoin received a boost from BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) in June. In his opinion, the application was the biggest Bitcoin development of 2023.\u00a0<\/p>\n

\u201cThe most important thing that happened this year in Bitcoin is Larry Fink.\u201d\u00a0<\/p><\/blockquote>\n

Related:\u00a0Grayscale urges SEC to approve all Bitcoin ETFs simultaneously<\/a><\/em><\/strong><\/p>\n

\u201cLarry was a nonbeliever. Now he says, \u2018Hey, this is going to be a global currency.\u2019 People around the world all trust it,\u201d he commented, adding that Fink got orange-pilled. \u201cHe got \u2018orange-pilled,\u2019 as we say. \u201cOrange pill is when you take a nonbeliever, and you make them a believer in Bitcoin.\u201d<\/p>\n

BlackRock’s push into Bitcoin is part of an adoption cycle, according to Novogratz, which could lead the price of Bitcoin to reach new highs, especially if the Federal Reserve starts cutting interest rates.<\/p>\n

Also commenting on the recent decision in the Ripple’s case vs. the Securities and Exchange Commission (SEC), in which Ripple’s token XRP (XRP<\/a>) has been partially classified as a security, Novogratz stated that the decision was a victory for the crypto industry as it proves that “the rules are nothing close to clear.” <\/p>\n

Magazine:<\/em><\/strong> Should you \u2018orange pill\u2019 children? The case for Bitcoin kids books<\/em><\/strong><\/a><\/p>\n<\/div>\n


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Galaxy Digital’s founder Mike Novogratz shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying that he’d invest in the Chinese giant Alibaba, silver, gold, Bitcoin (BTC), and Ethereum (ETH). \u201cIf they were young and had a high-risk tolerance, I\u2019d be buying […]<\/p>\n","protected":false},"author":1,"featured_media":57018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[12638,50,158,113,16750,3277,12671,1817,8119],"class_list":["post-57017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-alibaba","tag-bitcoin","tag-ethereum","tag-gold","tag-ideal","tag-mike","tag-novogratzs","tag-portfolio","tag-silver"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/07\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvMWMxMjY1ZGUtNmUwOC00MjAxLTg4ZDEtZmQyYmU3NjAxYzg0LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57017"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57017\/revisions"}],"predecessor-version":[{"id":57019,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57017\/revisions\/57019"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/57018"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57017"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}