Billionaire investor Mike Novogratz blasted GameStop’s valuation, warned against buying Dogecoin, and blamed the Fed for fueling speculation in a trio of interviews. Here are the 10 best quotes.

Billionaire investor Mike Novogratz blasted GameStop’s valuation, warned against buying Dogecoin, and blamed the Fed for fueling speculation in a trio of interviews. Here are the 10 best quotes.

Mike Novogratz. Reuters/Rick Wilking

Billionaire investor Mike Novogratz questioned GameStop's valuation, warned against buying Dogecoin, and blamed the Federal Reserve for fanning market speculation in a recent trio of interviews.

The Galaxy Digital CEO also said that bitcoin and Ethereum look cheaper than other cryptocurrencies, predicted Dogecoin will plunge in price but won't disappear entirely, and suggested the hype around non-fungible tokens (NFTs) has peaked. He made the comments to CNBC, Yahoo Finance, and Bloomberg over the past week.

Here are Novogratz's 10 best quotes from the interviews, lightly edited and condensed for clarity:

1. "There's crazy excitement among very young investors around memecoins and meme ideas. It's shocking to me that GameStop continues to hold any value, let alone $10 billion or $12 billion in market capitalization. Dogecoin's even more bizarre in that respect."

2. "The real frothiness isn't in Ethereum, isn't in bitcoin, isn't in Coinbase, it's in smaller altcoins. Dogecoin is a meme coin that doesn't really have a purpose, yet it rallied up to a $50 billion market cap. There's lots of young people in the Reddit chatrooms that love Doge - both Elon Musk and Mark Cuban are pumping it up. I would be very worried if one of my