Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz's ideal portfolio
During a recent interview with Bloomberg Wealth, Novogratz touched on topics ranging from investing to Ripple's case and Larry Fink. Galaxy Digital's founder Mike Novogratz shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying that he'd invest in the Chinese giant Alibaba, silver , gold, Bitcoin (BTC), and Ethereum (ETH). “If they were young and had a high-risk tolerance, I’d be buying Alibaba stock. I’d be buying silver , gold, Bitcoin and Ethereum. That’d be my portfolio ,” he said in allusion to someone investing $100,000. For those with lower risk tolerance, he recommended allocating only 30% of a portfolio in the example, with the remaining 70% in bonds and perhaps index funds. Novogratz's bullish stance on Bitcoin received a boost from BlackRock's application for a spot Bitcoin exchange-traded fund (ETF) in June. In his opinion, the application was the bigges...