Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big'

Michael Novogratz
Anjali Sundaram | CNBC

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Billionaire investor Michael Novogratz said Friday he's bullish on both stocks and cryptocurrencies despite the uncertainty around the upcoming election and the shape of the economic recovery.

The Galaxy Digital CEO said on CNBC's "Squawk Box" that he expects a Democratic sweep in next month's election, with Joe Biden defeating President Donald Trump and Democrats taking the Senate.