Bitcoin's latest rally is mostly an adoption story, says Galaxy Digital CEO Michael Novogratz
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- čas přidán 12. 03. 2024
- Galaxy Digital CEO Michael Novogratz joins 'Squawk Box' to discuss the latest bitcoin rally, how much of it can be attributed to supply/demand dynamics, what it means for cryptocurrency at large, prospects of a spot ethereum ETF, and more.
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 61k.
Microstrategy CEO bought $155million worth of bitcoin, so yes BUY!
It’s going to be a wild year for these sectors, so you should def. invest in crypto. 60% of my portfolio is spread across tech stocks, crypto and Crypto/Gold ETFs.
Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful, because what Avg. Joe really has time to watch and comprehensively analyse the market.
@@hasede-lg9hj Please pardon me, who guides you on the process of it all?
I won't pretend to know everything, though. Her name is Melissa Rose Francks but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires.
I pray that anyone who reads this will be successful in life
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I know someone who can help you Naomi Tyler
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Mind if I ask you to recommend this particular coach you using their service?
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
With the ETF approved, institutions will need to buy Bitcoin for their ETF. There will be marked increase in demand, can i get in and still make profits? i have set aside $250k to get fully invested this year
Yes of course you still can. Reminds me of the guy who bought bitcoin in like 2011 and everyone was calling him a chump, then the market boomed and after a few years and he made a killing, whereas many people got burnt because they doubted.
The only worry might be the fear of missing out, shared by many. Despite skepticism toward financial advisors in new markets, mine has consistently restructured and diversified my portfolio for 10 years. I've gained over $1 million, securing my financial future.
The only worry might be the fear of missing out, shared by many. Despite skepticism toward financial advisors in new markets, mine has consistently restructured and diversified my portfolio for 10 years. I've gained over $1 million, securing my financial future.
I agree. This is why I work with an investment advlsor, I currently have $630k in a well-diversified portfollo that has experienced exponential growth.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
What are the best additions to a $500k portfolio to boost performance? bitcoin is up and will do better in march 2024 I believe as indicators for profits continue to improve, investors like me believe that “Santa has come early” to the markets.
It’s important to do your own research and consult with a financial advisor before making any investment decisions.
@@Aurierserge50 It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.
@@Aurierserge50 How can I get your advisor please, if you dont mind me asking? I could really use a help as of now
@@Higuannn I have worked with a few financial advisors before now but i ultimately settled for Alicia Estela Cabouli. She is SEC regulated and licensed in US. You can easily look her up.
@@Higuannn Finding financial advisors like Alicia Estela Cabouli who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advise like Rolando Diaz....
Te/e gram
@Rolandostrategy THAT IS HIS USER NAME
Insure you write the NAME complete and He's verified
In the past you could buy a pizza with a bitcoin, then you could buy an ounce of gold with a bitcoin, then you could buy a car with a bitcoin. Next thing: you will be able to buy a house with a bitcoin.
fact!
The end game would be you will be able to buy corporations with bitcoin
Very expensive pizza.
Already there in cheaper housing markets.
Wasn’t it 10,000 bitcoins for 2 cheese pizzas? The very first purchase if I remember correctly.
Best vid. I am getting some AWM88X and love your endorsement for that too
no one is buying it. its a shi*coin if it even exists. BTC is king.
We really need to discuss AWM88X. I believe it's going to make 2024 the finest year of the entire 2000-range.
no one is buying it. its a shi*coin if it even exists. BTC is king.
In some years ETH probably will overgrow the rest but on a stronger level to that should be AWM88X
nope. lmao. btc is king. get rekt kid.
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.
She's on watap👇
+140
549
My investments in stocks and crypto aren't meeting my expectations. Do you have any suggestions for a profitable strategy or who I can reach out to for help?
Staying current with market updates and keeping up with news sources like CNBC could help out a bit
Just buy when prices are low and sell when prices rise
Solana and Raydium seem good, and Dogecoin is worth considering too.
Until now, partnering with a financial advisor or a skilled trader has proven to be the smartest choice if you're not familiar with the market. Their expertise has greatly boosted the success of my investments over the years.
Yeah, I agree with you. JodyNorman has always been on the top of my list..more folks like her are needed in the digital investment scene, mate.
The likes of Mrs Norman are the secret of most crypto influencers flaunting their luxurious lifestyles, yet they don’t mention or talk about it to the public🤷🏻♂️
SEC trying to hide from AWM88X and doing their things, manipulation while pretending to be the safety from that, yea right
no one is buying it. its a shi*coin if it even exists. BTC is king.
This year the smart of us gonna be green with AWM88X, never has a entity created that before and this will be the perfect bridge to the mainstreamers as well
Thank you for your knowledge in the crypto market I finally reached 140 thousand with Bitcoin ETFs, as of December with only 10 thousand
How does this trading material work? I'm really interested, but I don't know how it will happen. I've heard people actually do this great trading?
Analyzing bitcoin and its carbon footprint is not an environment that the world's businesses watch all we need is an establishment investment that I made in more than a thousand dolls.
I have signed up for some trading courses but it didn't help much, I am getting suggestions to use a suitable financial advisor, how did you contact your advisor
The key here is to always trade with a good strategy, even if the price goes up or down.
They are wise men and women who are investing now. Most still don't understand or understand...but they will very soon.
The AWM88X is just super strong with being still too cheap at 1 USD if you don't understand you will never know
no you are a fool. btc is king. get rekt.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Devion Jane expertise is truly commendable.
She has this skill of making complex crypto concepts easy to understand.
Woah for real? I'm so excited. Devion Jane strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
she often interacts on Telegrams
I find CNBC’s hatred of Bitcoin insanely amusing. I’m laughing all the way to the bank.
this is the only way for ordinary people to fight against government corruption
Yup. People don’t realize that money printing truly is the root of all government corruption. Take away the money printer and the corruption disappears overnight. When everything must be paid for purely through taxes, people will instantly pay more attention to who they are voting for and the policies they are voting for. And… they will very very quickly see the results of the policies they are voting for.
There would be no more illegal immigration. There would be no more foreign wars. There would be zero wasteful spending.
And bitcoin is the only weapon we have to end the money printing. Of course… if bitcoin wins… it means the dollar dies. And I am happy with that.
I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us,
I now earn every week. You’re such a blessing to this generation, we all love you
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I
make $18,300 weekly through trading
which is more better then my monthly salary job. Trading becomes my passive
income.
I can relate to all you said becaus am facing similar thing right now.
Congratulations I wish you more success.
People have no idea what’s coming with technology, from all directions. Between Ai, mixed reality, and Bitcoin/digital assets, many things in our lives are about to be disrupted. It’s the perfect storm for another tech boom very similar to the late 90s going into the early 2000s but at 10x the rate of innovation. You need to start learning about these things now.
Bitcoin is GLOBAL. Not just USA
Bitcoin's meteoric rise continues to outpace its cryptocurrency counterparts, marking it as the undisputed speedster in the digital currency race
Is it me or bitcoin's been on snooze mode lately, ever since the whole Bitcoin ETF buzz started. It's like it hit pause - waiting to see what's gonna happen next. Crypto drama at its finest, you know? 🚀
You jus need to handle it well. Hit 140k two days ago after all the hard work and good coaching …. Let’s make more money guys!!
140k !!! Congratulations man 🎉
How have you managed to hit that??? I’ve been at this for a while now….
Credit goes to my CFA Nathan Travis Cook
Gary has 100% said Ethereum is a security, he talked about the Ethereum foundation.
post the link to where he said its a security
@@OldmanCrypto100 might need another lawsuit before ETH gets the green light on an ETF, they need their hand forced
See how quickly the casters changed the subject once it was mentioned that the USA was in crisis levels of debt/deficit.
Await the dramatic ascension of Blocksailor!
They say “It’s all adoption related”. Well yeah… but why are people adopting it? It’s all the other issues that were mentioned. Don’t try to cheapen it by saying “it’s just adoption”.
Warren Buffet has been really quiet about bitcoin now 😂
Bitcoin will climb to 3 Trillion $ per coin by year end.
Hit $200k today, Thanks for the knowledge and nugget you have thrown my way over the last month , started with $14,000 in last month 2024....
Wow!!! That's huge how did you make that monthly?
Am 40 now and have been looking for a way to be successful, please how.
Mrs Janet lily was my hope during the bear summer last year , I did so many mistakes but also learned so much from it and of course from Janet.
I'm new at this , please how can I reach out to her.
TELE
I love CNBC but why everytime the tickers are shown for the btc etf... FBTC is never up there. Seems weird that there are always 3 or 4 tickers on screen and to leave one of the top 3 out.
Always knew that the introduction of a Bitcoin ETF would be a revolutionary step in the financial markets. Thank goodness I bought $470k worth of bitcoin at the bottom in October. My heart goes out to those who didn't see this entire move. As you listened to bad news all thru last year, you really lost out on some incredible profits.
Well its best to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains. I always knew it was a good move
Agreed, learning from a well experienced advisor is invaluable, my $380k portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal this year.
Could you recommend who you work with?
She goes by ‘’Jessica Annabelle Rupp’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Jessica Annabelle Rupp is her name. I advise you to research her. I'm glad I decided to let someone handle growing my finances even though, to be honest, I almost didn't think I should.
Thanks for the update.
Te/e gram
@Rolandostrategy THAT IS HIS USER NAME
please make sure you write the USER NAME complete and He's verified
What impresses me most about Rolando Eric is how well he explains basic concept of winning before actually letting you use his trade signals. This goes a long way to ensure winning trades
Dear CNBC,
Please increase your audio levels. I have to double the volume on your videos compared to almost all the other chanels I watch.
I all for crypto, but i donno.. cnbc seems to be shilling for crypto a bit hard lately
Bitcoin is Gold 2.0! #BTC #Bitcoin
btc is king. get rekt shi*coiners.
Canada already has a Spot ETH ETF. Its a no brainer , it will happen in USA too.
Stasum token IS THE OG BEAST!!!!!!! 🔥🔥🔥🔥
Stasum token is pumping because of it being on Coinbase’s earns section.
Any thoughts/reports on your GLXY stock, Mike?? 🤔 bag-holding that since the last cycle... sure hope it takes off again with the assets it holds. Especially post-halving 🧐
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Nancy Williams Laplace.
Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Isn't she the same Mrs Nancy Williams Laplace that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.
It’s pretty narrow minded to look at BTC in terms of what US citizens are feeling. Every country with an internet connection is involved in BTC.
ask him about his Luna tattoo haha
💥LAIKA💥
Yep. Totally agree. $55K is the new BTC floor. Just study previous cycles for confirmation of that. It’s going much, much higher in the next 18 months. See you in 2030 and beyond folks..
Somthing is telling me that Stasum token is going to be one of the most valuable coins of all time.
3:17 You mean property (he misspoke).
Joe please because a solana OG
There will never be an Ethereum ETF. It's centralized, controlled by a group of developers, and if you think government will cede to random idiots then I have a bridge in Kansas to sell you!
I dont know about an eth etf, but the gov is owned and run by random idiots so....
You don't understand the lawsuit that brought the Bitcoin ETF to be.
Howey Test baby. There's a world of difference between bitcoin and ETH. ETH passes the Howey Test, and IMO, that's all you need to know.
Everything is a supply demand issue!
ETF buyers are HODL'ers. Please explain why the price will correct when & if the inflows stop. This to me shows a fundamental disconnect with your understanding of the Bitcoin halving & scarcity model.
Their holders of a share not actually btc. They are going to want some profits. So what happens when they sale??
I don’t get it. Bitcoin is resilient and unchangeable. Meanwhile Ethereum can change in almost every way: from the way it operates (POW to POS) to how many coins are being issued. They are not the same and Ethereum is absolutely a security.
Buy Algorand
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly on a weekly or monthly basis. That’s the key to living financially stable....
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@tracyholian2944 You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Stasum token ecosystem is much more profitable market since it has lower market cap
People still calling a pump! Is nothing but adoption!
Gold is Old, I mean, it's literally in the name!
If you have enough people to elect Joe Biden, then you have enough to make bitcoin worth something.
@@ColdPotatoSo you prefer the fiat Ponzi scheme called the dollar? You prefer a currency which is getting printed to infinity over a currency controlled by nobody, has a fixed supply, and was freely and fairly launched to the world by an anonymous person whose goal was to fix the problem with money?
I genuinely don’t understand why you would choose a Ponzi scheme over something that was created to destroy the Ponzi scheme… but… ok… each time their own.
I will trade my Ponzi scheme dollar for bitcoin anytime. Every single penny…
@@chingron enjoy you play money
@@ColdPotato 😂. The dollar is the play money. By every definition, the dollar is a Ponzi scheme. The greatest Ponzi of all time, and, it is finally coming to an end. I give the dollar less than 10 years before it is laid to rest. When things unravel, they unravel quickly…
I will stick to the hardest money on earth, backed by the largest computing network on earth, with a fixed supply, and which every wealthy person on the planet is currently scrambling to get ahold of to preserve their wealth: bitcoin. The only asset which cannot be confiscated and the only asset that can be taken with you when you need to flee the country.
Being wrong is ok. Staying wrong will be devastating to your future. As long as the government keeps printing… bitcoin will keep skyrocketing. And the great news is that the government will never stop printing. The printing will accelerate faster and faster… which means the price of bitcoin will keep going up and up and up.
Gold is Gone Old. G old , jee it’s old. Has problems buying and selling commissions. Bitcoin efts are like a small wonder to hedge against money printing. And it’s more liquid than gold. Biden if elected again will no doubt either try and out law it or try and tax it into oblivion.
BTC is about to break the internet
Did he remove his Luna Tattoo
Still a shitcoiner
Nope still a f’ing shitcoiner
Get Schiff on if you dare.
Could you imagine if ethereum stayed proof of work? 🤔 I think ethereum would be alot higher than what it is now.
Ethereum castrated itself. It will be relegated to the ash pile of history.
When money flows into Bitcoin, it also flows into other crypto as well.. Especially the ones with real technology and real-world use cases. Swftcoin, VeChain, Fetch A.I, Onyxcoin (XCN), XRP, Stellar (XLM), XDC, and Cardano among others... All Assets may be going digital or tokenized at some point, especially with more and more people continue to enter this space.
Ross Sorkin just CANT wrap his brain around BTC. I’ll bet he owns some.
who is going to buy it
What was its last rally? Just a hype story I guess? This time it’s different. Lots of people bought at the top last time and sold on the way down. No one could want that to happen again though lol
That’s their fault for buying the top, as it would be for buying any asset at the top. If they would have held, they would be in profit now.
Ask Novogratz about his EOS bags.
Influx of black rock money dring it
Where’s Warren buffet at with his doubt now? 😅
I guy with a LUNA tattoo shoudn't have a right to speak on CNBC
Guy says “right” one more time
Hey Mike, show us your ink! 😂
So many spam bots in comments.... is there no moderation anymore?
Sorkin is looking more and more deflated with every Bitcoin interview haha. Still doesn't own any BTC I bet you!
Sorkin protecting his political cronies again.
They will both serve a function and niche. AMK99H$ has a lot more momentum right now and will decentralize as it scales
We The People wants to know does Jim Cramer still thinks BTC is a fraud ???
Or is he going to pretend the best gaining asset over the past year doesn't exist
the young lad on the panel needs to read the bitcoin standard and educate himself
I live in Nevada and donated to John Deaton who will beat Elizabeth Warren
“How does he keep his physique?” 😂😂 what is going on with the subtitles? At the start
Floki 🚀
People start to sound intelligent then they start talking about the distribution center for all shitcoins...Ethereum.
This market is world wide Bitcoin is a limited asset with demand growing daily so what do you think is going to happen to price duh !
It's not an issue , mate !
Yo, CNBC. Remember you told your viewers how to buy XRP on the day it ATH'd? Remember that? lmaooooo 😂😂😂
The excitement building for Blocksailor's explosion is pal
Why is this guy still invited ! He tattooed himself with the Luna coin symbol! He praised this algorithmic « stablecoin » so much until it disappeared and screwed people. This guy should go to jail !
Do you think the next president will cut entitlements
Yeah NAH to that guy
World is moving digital
Bitcoin = Digital = NSA (Nakamoto Satoshi)
Don't forget Andrew, Michael Sailor has 200,000+ BTC, it's not just the ETF's buying. Also the public are also still buying up SATS. At 73,000 whole coins are now out of reach of the General public.
Poor old Peter Schiff. So close yet so far. BTC will slowly but surely start to surge as funds keep accumulating over time. And it will pass gold in market cap. I have looking forward to the price squeeze and it’s starting.
*Bitcoin for money. Filecoin (FIL) for decentralised data. Both vital for humanity.
Ha ha, the guy talks gold? Oh yeah gold's stellar 60% 5yr performance vs Bitcoin at 1600%. Hilarious!!!
The daily CNBC pump! Disgusting
The current situation is totally different from the previous halving, past performance of Bitcoin is no longer a valid indicator for what is to come with Bitcoin. $100k per Bitcoin is absolutely plausible, probably even before the halving!
Bitcoin is only starting the journey. New asset class. Will surpass gold market cap in 10 years.
agreed.
most people have little to no understanding of the inner workings of BTC, So we are still very early.
Ask youself, do you understand what is below? - do you know -
how to sign an address.
what the mempool is.
what a BIP is.
what a derivation path is referring to.
why Secp256k1 was used or what it even is.
Critics of BTC have not done enough homework to have a valid oppositional opinion that i can respect.
Most people don't understand bitcoin. It takes effort. Once you understand, you can decide for yourself if you think it could be of use in our ever increasing digital world.
Perhaps a lot more people will own a lot of it by then. 74% of holders as of Nov 2023 only had $350 worth. That's almost nothing. But the big owners of the pie are eating well
lol at these bots spamming here
I have a feeling that you fell from the moon) Arthur Grandy in his book showed the formula by which the cryptocurrency market should develop!
The goal of the project is to make money work for us and not the other way around and it's already working.
On the other hand they are accumulating gold from people who believed in the for the longest time and now they will rely on digital asset. They will know what the real asset means later lol😂
Novograts doesnt speak for me!! I like bitcoin but want absolutely nothing to do with a CBDC.......F that!!