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RE: Mike Novogratz - "This will feel like a bubble when we are $20 Trillion"
Mike Novogratz is a billionaire who previously worked at Goldman Sachs
A big warning sign.
BTC and a few others should be expected to break their all time highs, and this will already be more than a doubling from where they are now, but a 20 times rise from where they are now?
For this they would require a large scale adoption by the public, or more than 4 years, or both.
20 times means an average rise of over 100% per year each year for 4 straight years.
Blankfein is much more digital currency friendlier than Dimon.
Honestly I don't think it is a warning more than it is a validation of the asset class in that traditional finance is getting involved.
Partially true too.
Consider that "traditional finance" is not a monolithic entity and that Jamie Dimon and Warren Buffett (whom is usually decades backwards and made his fortune through persistence, connections and size) do not share the same narrative with Lloyd Blankfein and the Goldman Sachs gang, from which this Mike Novogratz came.
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