ETH is a bet on technology, BTC is a bet on fighting inflation

In a recent interview with CNBC. Mike Novogratz, founder of the crypto investment agency Galaxy Digital, explained why Bitcoin (BTC) is currently not as trading as Ethereum (ETH). He said: “If you look at the price of Ethereum, Ethereum is still bullish. People see Ethereum as a bet on technology, and Bitcoin is a bet on devaluing legal tender.” Despite the price of BTC The trend is weak, but Mike Novogratz is still optimistic about Bitcoin’s prospects.

He added: “From the Middle East to all parts of the United States to pension funds. There are new market participants lining up to enter the crypto economy, and institutional investors are waiting to bid and participate. I think people have now realized that crypto is an asset. Category. Bitcoin is part of the crypto portfolio. Even if the Fed starts to be tougher, the United States has a huge budget deficit. If interest rates are raised too fast, it will bring down the economy. No one wants to do this, including the chairman of the Fed.”

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