Sunday, December 20, 2020

Redistribution of wealth is normally a bad word to the wealthy.

But, I suppose once a person has made his fortune it is far easier to discuss the redistribution of wealth, especially with a wildly new cryptocurrency. It is called an opportunity to offer a new window on wealth when a catastrophic virus has closed most others.

Perhaps Mr. Novogratz should be backing the people in the US Congress with his same vision.

December 20, 2020
By Emily Graffeo

Macro trader (click here) turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street.

Bitcoin bull Mike Novogratz (click here) explained how the coronavirus pandemic accelerated the "cryptocurrency revolution" during a Real Vision interview published Friday.

"In five years from now, we are going to see 2020, as horrible as corona was, and lots of people have lost their lives...we are going to look back and in some weird way, this is going to have been a blessing for the cryptocurrency revolution," Novogratz said.

The Galaxy Digital CEO explained that two pandemic-induced trends propelled cryptocurrencies like Bitcoin and Ethereum to see 216% and 390% year-to-date returns, respectively....