Fund managers and institutional investors are showing more interest in bitcoin rather than gold. Also, Fund managers consider the cryptocurrency as a better store of value. Also, as the best preference hedge against inflation.
Furthermore, Fund Manager, Galaxy Digital Holdings CEO Mike Novogratz while in his company’s Q3 earnings call last week. More so, holds discussions on bitcoin as a better store of value than gold.
Then, according to the Fund Manager CEO, Novogratz
“I still think gold was probably an okay asset to own in this environment,”
Also, he notes “It’s just gotten crushed by bitcoin.”
Furthermore, Fund Manager CEO Novogratz adds
“Bitcoin is just a better version of a store value and it’s being accepted at an accelerating pace…”
“There are now over two hundred million people around the world…”
“that participates in the bitcoin ecosystem, and it continues to grow.”
Additionally, Fund Manager, Skybridge Capital founder Anthony Scaramucci also notes that bitcoin will outperform gold.
So, noting Bitcoin “will eventually eclipse gold.” More so, Fund Manager Skybridge Capital founder believes Bitcoin will hit $500K. Therefore, he encourages investors to own some BTC now.
Notably, Fund Manager, Skybridge Capital founder Anthony Scaramucci notes.
“I think it’s probably going to be ten times better than gold over a long period of time…”
“I’m not going to be surprised if bitcoin goes up at an exponential rate…”
“and gold goes up at a linear one.”
Lastly, Fund manager, Paul Tudor Jones also says he prefers bitcoin as a hedge against inflation, stating:
“Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment…”
“It would be my preferred one over gold at the moment.”