CNBC Pro

Bitcoin bull Mike Novogratz says he is shocked by the speed of crypto adoption

Share
Michael Novogratz
Anjali Sundaram | CNBC

Billionaire bitcoin investor Michael Novogratz told CNBC on Wednesday that even his bullish outlook for the adoption of bitcoin and other cryptocurrencies by major institutions wasn't aggressive enough.

The Galaxy Digital CEO has been a high-profile proponent of crypto assets, arguing that increased acceptance by companies, financial institutions and investment funds would spur demand.

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

More In CNBC TV Picks

CNBC ProWhy Tom Lee expects to see a 'real rejuvenation' of the stock market rally
CNBC ProCramer says he'd advise buying a Netflix post-earnings dip if shares fall to this price
CNBC ProBill Miller likes these stocks, including one that he thinks will make ‘multiple times your money’