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Michael Novogratz says investors shouldn't trust this bounce, and he's bullish on gold and bitcoin

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Michael Novogratz
Anjali Sundaram | CNBC

(This story is for CNBC Pro subscribers only).

Billionaire investor Michael Novogratz said Tuesday that he thinks the gains for stocks at the start of the week may led to another pullback soon.

Novogratz, the chairman and CEO of Galaxy Digital, said on "Squawk on the Street" that the environment calls for buying into non-stock assets, including cryptocurrency and gold. 

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