Mike Novogratz's ideal portfolio featuring Alibaba, silver, gold, Bitcoin, Ethereum, Chinese AI, and My AI.
Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolio

Investment Portfolio Options for High-Risk Tolerance Investor

Galaxy Digital founder Mike Novogratz discussed the perfect investment portfolio for a young investor with a high-risk tolerance during an interview with Bloomberg Wealth. He suggested investing in the Chinese giant Alibaba, silver, gold, Bitcoin (BTC) and Ethereum (ETH). “If they were young and had a high-risk tolerance, I’d be buying Alibaba stock. I’d be buying silver, gold, Bitcoin and Ethereum. That’d be my portfolio,” he said in reference to someone investing $100,000. For those with lower risk tolerance, he recommended allocating only 30% of a portfolio in the example, with the remaining 70% in bonds and perhaps index funds.

Novogratz’s positive outlook on Bitcoin was bolstered by BlackRock’s filing for a Bitcoin exchange-traded fund (ETF) in June. According to him, this was the biggest Bitcoin development of 2023. He noted that the billionaire CEO of BlackRock, Larry Fink, was initially a “nonbeliever” in the crypto asset.

Web 3.0 and its Impact on Bitcoin

“Now he says, ‘Hey, this is going to be a global currency. People around the world all trust it.’ He got ‘orange-pilled,’ as we say. Orange pill is when you take a nonbeliever, and you make them a believer in Bitcoin.”

BlackRock’s investment in Bitcoin is part of a larger adoption cycle, according to Novogratz, which could lead the price of Bitcoin to reach new highs, especially if the Federal Reserve cuts interest rates.

The decision in Ripple’s case vs. the Securities and Exchange Commission, in which Ripple’s XRP (XRP) token was partially classified as a security, is a victory for the crypto industry, according to Novogratz, as it proves that “the rules are nothing close to clear” when it comes to Web 3.0, Chinese AI, and the Chinese AI Anchor.

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