Bitcoin tycoon Mike Novogratz breaks down how the pandemic accelerated the cryptocurrency revolution

Bitcoin tycoon Mike Novogratz breaks down how the pandemic accelerated the cryptocurrency revolution

Bitcoin bull Mike Novogratz explained two pandemic-induced trends that accelerated the "cryptocurrency revolution" during a Real Vision interview published Friday. The first: the policy response to the global pandemic, specifically from the US government he said. And the second trend: the "digitalization of everything." "We are going to look back and in some weird way, this is going to have been a blessing for the cryptocurrency revolution," Novogratz said of 2020. Visit Business Insider's homepage for more stories.

Bitcoin bull Mike Novogratz explained how the coronavirus pandemic accelerated the "cryptocurrency revolution" during a Real Vision interview published Friday. 

"In five years from now, we are going to see 2020, as horrible as corona was, and lots of people have lost their lives...we are going to look back and in some weird way, this is going to have been a blessing for the cryptocurrency revolution," Novogratz said.

The Galaxy Digital CEO explained that two pandemic-induced trends propelled cryptocurrencies like Bitcoin and Ethereum to see 216% and 390% year-to-date returns, respectively.

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The first was the policy response to the global pandemic, specifically from the US