Galaxy Digital CEO Mike Novogratz said that both assets can be defended, joining the long-running debate between Bitcoin and gold advocates.
The famous billionaire said that both of these rival assets provide a hedge against the depreciation of fiat currencies.
Novogratz’s comment came after Peter Schiff, known for his gold advocacy and anti-Bitcoin critique, criticized Dave Portnoy.
Bitcoin continues to attract investors’ attention as a legitimate alternative to gold.
Fidelity Investments’ Global Macro director, Jurrien Timmer, also stated that Bitcoin’s limited supply is a huge advantage over gold.
As Bitcoin continues to compete with gold, there is controversy between the two investor groups.
Novogratz stated that he loves both of these beings. However, last October, he stated that Bitcoin will continue to reduce the market share of gold.
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