Billionaire Mike Novogratz Backs Worldcoin, Cautions Against Defying Sam Altman’s Crypto Project: Report

Billionaire Mike Novogratz Bullish on Worldcoin’s AI Potential, Acknowledges BlackRock’s Role in Bitcoin ETF Pursuit

Renowned billionaire and CEO of Galaxy Investment Partners, Mike Novogratz, has recently expressed his optimistic outlook on Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin created by Sam Altman, CEO of OpenAI.

In a new report by Bloomberg, Novogratz emphasizes that Worldcoin, which debuted just last week, holds great promise for price appreciation, primarily due to the ongoing hype surrounding artificial intelligence. Additionally, Novogratz praises BlackRock CEO Larry Fink’s efforts in pursuing a Bitcoin (BTC) exchange-traded fund (ETF), considering it a pivotal development for the flagship cryptocurrency this year.

Worldcoin’s AI Potential and Price Forecast:
Notably, Mike Novogratz highlights the significance of Worldcoin’s AI-centric design, positioning it as a key driver for its potential price surge. As artificial intelligence continues to captivate global attention, Novogratz believes that Worldcoin’s innovative use of iris-scanning technology could fuel considerable demand, leading to a notable increase in its price. At the time of writing, Worldcoin is trading at $2.30, with a marginal 6% decline in the last 24 hours.

Praise for BlackRock CEO Larry Fink:
In his interview, Novogratz lauds Larry Fink, CEO of BlackRock, for his instrumental role in the pursuit of a spot market Bitcoin ETF. He hails Fink as the “most important” contributor to the flagship digital asset’s progress this year. Novogratz highlights Fink’s transformation from a Bitcoin skeptic to an advocate, coining the term “orange-pilled,” which refers to converting non-believers into believers in Bitcoin. Fink’s recognition of Bitcoin as an “international asset” and his commitment to seeking regulatory approval for a BTC ETF could potentially usher in a new wave of investments into the leading cryptocurrency.

BlackRock’s Bid for a Bitcoin ETF:
Earlier this year, BlackRock filed a bid to create a BTC ETF, a financial instrument that would offer investors exposure to Bitcoin without directly holding the cryptocurrency. The approval or rejection of this ETF proposal remains pending, with the financial world closely monitoring the outcome, given BlackRock’s considerable influence in the global financial markets.

Mike Novogratz’s endorsement of Worldcoin’s AI potential and his recognition of BlackRock’s efforts in Bitcoin’s institutional adoption provide valuable insights into the evolving cryptocurrency landscape. With the AI hype cycle and the pursuit of a Bitcoin ETF gaining traction, investors are closely watching how these developments will impact the crypto market’s future trajectory. As the digital asset space continues to evolve, Novogratz’s confidence in Worldcoin and BlackRock’s involvement in the crypto sphere hold significant implications for both established and emerging investors.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.