Investing.com – In an interview with Bloomberg, investor Mike Novogratz underscored his optimism for the cryptocurrency market, reflecting on recent key developments including BlackRock’s proposed Bitcoin spot ETF (NYSE: ).
“The most important thing that happened this year as far as the is Larry Fink” (the CEO of BlackRock).
Recall that BlackRock sparked a wave of optimism in the crypto market in June when it filed a proposed spot Bitcoin ETF, a move that, if approved, could potentially trigger a new wave of crypto investment. -cash.
Novogratz spoke in more detail about Fink’s reversal of opinion, believing that he received an “orange pill” (…), “when you take a non-believer and make him a bitcoin believer”.
“Larry was a non-believer. Today he says, ‘Hey, this is going to be a global currency’. People around the world trust him,” he said.
He said the moves are part of an “adoption cycle” that could help bitcoin move past its all-time high of nearly $69,000 hit in 2021, especially if accompanied by a possible pivot. Federal Reserve to lower interest rates.
Novogratz also addressed the case of the Securities and Exchange Commission’s recent decision in the Labs case, noting that it represents a “huge win” for cryptocurrency.
The investor also mentioned Worldcoin, the cryptocurrency recently launched by Sam Altman, the boss of Open AI, GPT chat editor.
Asked if Worldcoin would take off, Novogratz replied, “You don’t want to bet against Sam Altman right now.”
Note that the Worldcoin uses a small device called an “orb” to scan people’s eyes to generate a unique digital identity to use online, which has caused controversy, and has even been banned in some countries. country. The token issued by the project more than doubled in value when it launched this week, before correcting.
“I think the price can potentially go a lot higher, because there’s a cycle of AI hype,” Novogratz said.