Mike Novogratz: crypto currencies are a people's revolution

[centr]

Millionaire investor Mike Novogratz took part in the Fluidity Summit in Williamsburg, during which he shared with his guests his thoughts on the present and future of the crypto-currency. In particular, Novograt called digital assets a "people's revolution", reports CoinDesk.

"We have never had a market mania headed by a retail industry," the investor said.

However, the main topic of Novograt's speech was the arrival of institutional investors in kryptoks after a huge price jump at the end of last year. Of course, first of all the investor noted the joint project of his trading bank Galaxy Digital and Bloomberg agency - the crypto-currency index Bloomberg Galaxy Crypto, which tracks the most liquid block-assets. "I hope that this launch will mark the beginning of the institutionalization of crypto-currencies as a class of assets, since large problems require large capital," Novogratz noted.

Read more: https://forklog.com/majk-novograts-kriptovalyuty-eto-narodnaya-revolyutsiya/

[trumper]

2017 and 2018 have been marked as the arrival of institutional investors and regulations but it has affected the market mostly negatively as most of institutional investors' approaches to bitcoin is negative and regulations are usually considered as a threat.

[makishart]

Millionaire investor Mike Novogratz took part in the Fluidity Summit in Williamsburg, during which he shared with his guests his thoughts on the present and future of the crypto-currency. In particular, Novograt called digital assets a "people's revolution", reports CoinDesk.

"We have never had a market mania headed by a retail industry," the investor said.

However, the main topic of Novograt's speech was the arrival of institutional investors in kryptoks after a huge price jump at the end of last year. Of course, first of all the investor noted the joint project of his trading bank Galaxy Digital and Bloomberg agency - the crypto-currency index Bloomberg Galaxy Crypto, which tracks the most liquid block-assets. "I hope that this launch will mark the beginning of the institutionalization of crypto-currencies as a class of assets, since large problems require large capital," Novogratz noted.

Read more: https://forklog.com/majk-novograts-kriptovalyuty-eto-narodnaya-revolyutsiya/

Not only revolution but it's our new freedom in our financial management. But so many governments are still threatening crypto. The institutionalization of crypto has already started. As one of the bitcoin millionaires right now and this guy looks good compared with ver.

[bellmen08]

Crypto currency is a digital currency and peoples are involved with this. Its true some countries are banned crypto currency but now a day’s big investor are investing on bitcoin and they wants to change the world economy in a positive way.

[salinagomez]

it is a big revolation of present time, most of the government are tryinh to deny it because they don't even know how to handle it.

[reflectcrypto]

Many institutional investors have joined this cryptomarket last year. Things are taking a good turn. Though many people worry that the involvement of institutional investors might make this system more of a centralized system.

[cryptoroi]

I believe people are responsible for any kind of revolution till the date. So it is very obvious for the term of crypto. However, it is going well and doing good after its popularity. Hope it will do more development in future.

[zxrcoin]

Crypto currency is reaching everywhere and people are taking it seriously. But, there're many governments who are taking crypto currencies as threats and they are refusing it to legasing it to their country as they can hardly have control over it. But, i hope there will be a gradual change on their perceptions very soon.