Bitcoin bull Mike Novogratz says shocked at speed of crypto adoption



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Michael novogratz

Anjali Sundaram | CNBC

Billionaire bitcoin investor Michael Novogratz told CNBC on Wednesday that even his optimistic outlook for the adoption of bitcoin and other cryptocurrencies by large institutions was not aggressive enough.

The CEO of Galaxy Digital has been a leading proponent of crypto assets, saying that increased acceptance by companies, financial institutions and investment funds will drive demand.

The latest example comes from Goldman Sachs, which plans to offer crypto investment options to its wealth management clients in the second quarter.

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