2021-03-04 22:20:33

Novogratz Says Bitcoin (BTC) to Hit $100,000 This Year, Doesn’t Like Dogecoin

Michael Novogratz loves Bitcoin. Dogecoin, not so much.

The long-time crypto bull reiterated his prediction that Bitcoin will probably hit $100,000 before the end of the year, but questioned fellow billionaire Mark Cuban’s decision to allow fans of the basketball team Dallas Mavericks to buy tickets and merchandise using the “meme” digital currency Dodgecoin.

“Let’s put people in the safest best stuff, not these joke coins,” Novogratz said in an interview with Bloomberg TV. “I think Mark’s making a mistake there. He’d be better off with 15 other different ways to pay for his tickets.”

Mavericks owner Cuban, who made the announcement about Dogecoin earlier Thursday, had last month praised the entertainment and educational value of the cryptocurrency. It now boasts a market capitalization of more than $6 billion after being created as a joke in 2013 based on the meme of a smiling Shiba Inu.

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