Mike Novogratz, Galaxy Digital CEO, says it is time to buy Bitcoin, hinting that central banks are growing money in the trees.
Thinking that central banks are starting to grow money in trees, Galaxy Digital’s CEO, Mike Novogratz, has a message for his followers:
“Buy Bitcoin (BTC).”
“Money doesn’t grow on the tree” is a popular expression that parents constantly say to their children. This tells us that money is a limited resource and people need to make an important effort to get it. However, this tale apparently does not apply to the US Federal Reserve and the Bank of England, which have released unlimited liquidity to save the global economy from the coronavirus-induced challenge. Yes, the situation is as absurd as it seems. Today, fiat money grows on trees in 2020 (at least for central banks).
That’s why Novogratz also emphasizes this and offers his followers advice to buy BTC.
Buy $ BTC.
– Michael Novogratz (@novogratz) March 31, 2020
Against this uninterrupted currency press, the anti-inflation currency, Bitcoin, whose total supply is limited to 21 million, has never looked so attractive. Novogratz called it the strongest bull case for the comparative cryptocurrency. While the coronavirus failed as a safe haven during guided sales, the Wall Street bull recently stated that 2020 Bitcoin could be an important year.
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