Billionaire Mike Novogratz Flips Bullish on Worldcoin, Says Bad Idea To Defy Sam Altman’s Crypto Project: Report

Billionaire Mike Novogratz is reportedly seeing the bullish potential of Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin created by Sam Altman, the chief executive of OpenAI.

According to a new report by Bloomberg, the CEO of Galaxy Investment Partners says that he believes Worldcoin, which launched last week, will see its price rise due to the current hype centered around artificial intelligence.

“You don’t want to bet against Sam Altman right now. I think the price potentially can go a lot higher because there’s an AI hype cycle.”

Worldcoin, which uses iris-scanning technology, is trading for $2.30 at time of writing, a 6% decrease during the last 24 hours.

Novogratz went on to praise BlackRock CEO Larry Fink for his efforts in attempting to create a spot market Bitcoin (BTC) exchange-traded fund (ETF), saying that the chief executive is the “most important” thing that’s happened to the flagship digital asset this year.

According to the billionaire, Fink switching his stance on Bitcoin, deeming it an “international asset” and pursuing a BTC ETF could spark a new wave of investment into the top crypto asset by market cap.

“He got ‘orange-pilled,’ as we say. Orange pill is when you take a nonbeliever and you make them a believer in Bitcoin. Larry was a nonbeliever. Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it.”

Earlier this year, BlackRock filed a bid to create a BTC ETF, which would allow investors to get Bitcoin exposure without holding the crypto asset itself. It has yet to be officially approved or rejected

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Featured Image: Shutterstock/pedrosek