{"id":32412,"date":"2020-11-26T17:21:29","date_gmt":"2020-11-26T15:21:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32412"},"modified":"2025-08-28T08:30:01","modified_gmt":"2025-08-28T05:30:01","slug":"mike-novogratz-everyone-should-hold-2-3-of-their-portfolio-in-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mike-novogratz-everyone-should-hold-2-3-of-their-portfolio-in-bitcoin\/","title":{"rendered":"Mike Novogratz: everyone should hold 2\u20133% of their portfolio in Bitcoin"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The billionaire and founder of Galaxy Digital, Mike Novogratz, believes that Bitcoin is a profitable and reliable investment for all investors. He <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/bitcoin-is-for-everyone-put-2-percent-3-percent-of-your-assets-in-the-cryptocurrency-mike-novogratz-115952433.html?guccounter=1&#038;guce_referrer=aHR0cHM6Ly9iaXRzLm1lZGlhLw&#038;guce_referrer_sig=AQAAAJGzab9-hSTaB33vMG-VN6P5Wo6T4R7sQmDL3iKWJPyEQ1FGkXH0i5MK8YF9OkAk9xbxxmN3ue8-29ZDNSi4sWERODwBjbUqA_dk4fbmhsAQhiy-1NxYk1I463a4aqGdhXCvwEeUaylu9HYswrGtWmi66QwKnIJz_PWQ15_FPY2T\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> in an interview with Yahoo Finance Live.<\/span><!--more--><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cEveryone should allocate 2% to 3% of their <\/span><a href=\"https:\/\/allfi.biz\/glossary\/eng\/N\/net-worth.php#:~:text=Net%20Worth%2C%20%D1%8F%D0%B2%D0%BB%D1%8F%D0%B5%D1%82%D1%81%D1%8F%20%D1%80%D0%B0%D0%B7%D0%BD%D0%B8%D1%86%D0%B5%D0%B9%20%D0%BC%D0%B5%D0%B6%D0%B4%D1%83,%D0%B8%D0%B7%20%D0%BF%D0%BE%D0%BB%D0%BD%D0%BE%D0%B9%20%D1%81%D1%82%D0%BE%D0%B8%D0%BC%D0%BE%D1%81%D1%82%D0%B8%20%D0%B2%D1%81%D0%B5%D1%85%20%D0%B0%D0%BA%D1%82%D0%B8%D0%B2%D0%BE%D0%B2.\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">net worth<\/span><\/a><span style=\"font-weight: 400;\"> into Bitcoin, and then look at it in five years \u2014 the assets will be much larger,\u201d the investor said.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Novogratz noted the probability that Bitcoin&#8217;s price will be volatile in the near term, but should not fall below $12,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to him, the recent rise in the price of the premier cryptocurrency has been driven by \u201cbig players\u201d and private investors.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThis rally is being driven by institutions slowly entering the industry, wealthy private investors, hedge funds, and real institutions. Bitcoin has become a macro asset,\u201d Novogratz said.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">He also stressed that altcoins are not suitable for ordinary investors:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cYou can lose 60% of your funds in a day. And I\u2019m warning you frankly: if you\u2019re going to \u201cplay\u201d with such things, do it with small amounts and know what you\u2019re doing.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Earlier, Novogratz <a href=\"https:\/\/forklog.com\/en\/news\/mike-novogratz-recounts-buying-the-first-500000-eth-from-vitalik-buterin\">told of buying his first bitcoins and Ethereum.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The billionaire and founder of Galaxy Digital, Mike Novogratz, believes that Bitcoin is a profitable and reliable investment for all investors. He said this in an interview with Yahoo Finance Live.<\/p>\n","protected":false},"author":1,"featured_media":32413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1303,1138],"class_list":["post-32412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32412"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32412\/revisions"}],"predecessor-version":[{"id":32414,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32412\/revisions\/32414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32413"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}