Mike Novogratz Is Bullish on Worldcoin – CryptoGazette – Cryptocurrency News

News reports suggest that billionaire Mike Novogratz is optimistic about the future of Worldcoin (WLD), an altcoin that focuses on privacy and is powered by artificial intelligence.

CEO Of Galaxy Investment Partners addresses AI

The CEO of Galaxy Investment Partners believes that the current excitement surrounding AI will lead to an increase in the value of Worldcoin, which was created by Sam Altman, the CEO of OpenAI.

Novogratz has faith in Altman’s abilities and thinks that the price of Worldcoin may rise significantly due to the AI hype cycle.

At the moment, Worldcoin, a currency that uses technology to scan irises, is being traded for $2.30. This marks a 6% decrease in value over the last 24 hours.

In other news, Novogratz commended Larry Fink, the CEO of BlackRock, for his efforts in creating a spot market Bitcoin (BTC) exchange-traded fund (ETF).

He stated that Fink’s decision to recognize BTC as an “international asset” and pursue a BTC ETF could lead to increased investment in the popular cryptocurrency.

Novogratz even went so far as to say that Fink’s switch to supporting BTC has made him a “believer” in the digital currency, which is trusted by people all over the world and could become a global currency.

Macro factors are affecting markets

During an interview with Scott Melker, the head of institutional research at Coinbase, David Duong, expressed his concerns about the potential challenges that macroeconomic factors could pose for the markets in the near future.

As a top US cryptocurrency exchange, Coinbase may be impacted by the strengthening of the US dollar and the conservative approach of global central banks.

Duong recommends a defensive strategy in the short term, especially since the US dollar has recently stabilized after a rebound about a week and a half ago.

Stay tuned for more news and make sure to check the market as well.