What can we learn from billionaires? – Most likely, how to build a company a lot of money earned, and this especially in uncertain times protects. Anyone who has ventured in the last 4 weeks with a view to the own shares in portfolio, or in General on the economic Situation, will probably have realized that we are in economic turmoil. The call for so-called hard money, like Bitcoin, is it, for example, is getting louder and louder.In a recent Interview with Bloomberg (see source) says the self-confessed Bitcoin supporter Mike Novogratz again about his two favorite assets: Bitcoin and Gold.
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Long Bitcoin, Long Gold: Mike Novogratz is bullish
Mike Novogratz is set in the usually bullish towards Bitcoin, should probably no longer be a mystery. Who followed Novogratz already knows that the billionaire has a lot of good reasons to be bullish towards Bitcoin set.However, it is interesting to see that the word choice is always significant. More recently, the billionaire fired against the flood of money the U.S. Federal Reserve and counted with the Keynesian economic policy. In the latest Video, he stressed again the importance of ‘hard Assets’ are.
Hard Assets like Gold and Bitcoin, as a response to the current policy?
Explanation: the term ‘hard Assets’, we mean assets that can not be easily manufactured. In other words: your offer is limited and it requires a large amount of effort to promote it. This can not be increased – unlike a normal Fiat money – the amount of this asset is simply arbitrary.The two best examples of these are Bitcoin and Gold. In the words of Mike Novogratz, the sounds like this:
I am long Gold and long in Bitcoin. We see a monetization of the debt like we have never seen in our lives… For me, it is quite clear that hard Assets will perform better in the long term.
With the concept of ‘monetizing the debt’ (engl. monetization of debts) plays Novogratz on the current monetary policy of the Central banks. This print is currently in the unprecedented scale of new money to stimulate, in the hope of the economy. Of course, such an increase in the quantity of money brings with it the serious disadvantage of the devaluation of the purchasing power, which is in the Form of Inflation to be felt.Trade on the worlds leading Social Trading platform!Join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
Bitcoin is attractive for large investors and funds?
We now return to the language of the billionaire Novogratz used. He described Bitcoin as a “macro weapon”. The term in German is probably difficult to translate, but, mutatis mutandis, for an ‘all purpose weapon’.In addition, Novogratz said that Bitcoin is becoming more and more the ’smart money‘ (dt. smart money) attractive. By that he means that more and more hedge funds and large investors dedicated to the Asset. The reason for this is that they see BTC as a remedy for the economic turmoil. In Parallel with this, Mike Novogratz stressed that it is currently on a fall in shares.
In the last year, Bitcoin to macro weapen and Investment selection. Hedge funds and individuals with a very high assets to buy now BTC, even though you have never done it before.
We can conclude, therefore, that both Mike Novogratz, as well as hedge funds and large investors to put up to date on Bitcoin. BTC is due to its properties as a hard Asset, and, for many investors, the choice, when it comes to the diversification of their own Portfolios in times of crisis (and beyond).
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