According to the famous billionaire Michael Novogratz, a Bitcoin investor, Bitcoin’s biggest rival is not gold. Novogratz claims that the biggest competitors of Bitcoin rather than gold are the stocks of companies with a good story like Tesla and Beyond Meat.

Speaking to the Unchained Podcast, Novogratz said, “Just like crypto. These shares have stories that can lead people to buy. ” used expressions.

Beyond Meat is a company that was founded in 2009 and traded at Nasdaq, producing plant-based artificial meat. As many know, Tesla is working on electric vehicle technologies.

However, Novogratz predicts that if Joe Biden wins the US Presidential election with a 40 percent tax implementation plan on capital earnings, the shares will experience a huge selling wave.

Novogratz compared Tesla’s shares to $ 586 last year, compared to the cryptocurrency craze in 2017. Since then, the company's shares have continued to increase at a striking pace, and at this point, TSLA is trading at $ 1080 at Nasdaq.

The famous investor recently said that after Bitcoin broke $ 10,000, many people could see $ 14,000 more quickly than they expected. Bitcoin is bought and sold at $ 9 thousand 160 in the minutes when the news goes live.


Manuel has three years of editorial experience, specializing in language translation editing. He has got immense experience in writing about technology, business and finance. His stories have been published and circulated around the globe by various media outlets.

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