The billionaire founder of Galaxy Digital, Mike Novogratz, disrespects Litecoin on CNBC.
Speaking with host Joe Kernen, the pair discussed the Fed’s moves concerning the macro landscape going into 2022. On that note, Novogratz spoke of an “amazing [crypto] adoption cycle,” which he thinks will maintain the current price form.
“You’re seeing this adoption cycle in such an accelerated way. There’s been $30 billion of venture money coming in.”
His overall conclusion, as it relates to the asset prices against an uncertain macro landscape, is that assets “can still do fine.”
However, when it comes to mainstream coverage of leading crypto assets, Novogratz said Litecoin doesn’t warrant the exposure it gets.
What did Novogratz say about Litecoin?
Transitioning into CNBC’s crypto ticker board, which showed Bitcoin, Ether, Litecoin, XRP, and Doge, Kernen asked the former fund manager if he would make changes to the board.
Novogratz responded by calling out Litecoin due to
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