Billionaire Mike Novogratz Bullish on Worldcoin, Says Opposing Sam Altman’s Crypto Project is a Bad Idea: Report
According to reports, billionaire Mike Novogratz sees bullish potential in Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin developed by Sam Altman, the CEO of OpenAI.
According to a new report from Bloomberg, the CEO of Galaxy Investment Partners believes the price of Worldcoin, which launched last week, will rise due to the current artificial intelligence hype.
“They don’t want to bet against Sam Altman right now. I think the price can potentially go much higher because there is an AI hype cycle.”
Worldcoin, which uses iris scanning technology, is trading at $2.30 at the time of writing, down 6% over the past 24 hours.
Novogratz praised BlackRock CEO Larry Fink for his efforts to create a Bitcoin (BTC) exchange-traded spot market fund (ETF), saying that the CEO is the “most important” thing that happened to the flagship digital asset this year.
According to the billionaire, a change in his stance on Bitcoin by Fink, who sees it as an “international asset” and is targeting a BTC ETF, could spark a new wave of investment in the crypto-asset by market cap.
“He got an orange pill, as we say. With an orange pill, you take a non-believer and make them believe in bitcoin. Larry was an unbeliever. Now he’s saying, “Hey, this is going to be a global currency.” People all over the world trust him.”
Earlier this year, BlackRock submitted an offer to create a BTC ETF that would allow investors to gain exposure to Bitcoin without owning the crypto asset itself. It has yet to be officially approved or denied
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