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Mike Novogratz Says FB’s ‘GlobalCoin’ Is of Huge Importance, Urges Elon Musk to Tokenize SpaceX

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Mon, 05/27/2019 - 08:28
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Yuri Molchan
Billionaire Mike Novogratz ??hints that he would invest in ?➡SpaceX should Elon Musk get its stock tokenized
Mike Novogratz Says FB’s ‘GlobalCoin’ Is of Huge Importance, Urges Elon Musk to Tokenize SpaceX
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As of late, investment guru and billionaire Mike Novogratz, founder of Galaxy Digital, has been very much bullish about Bitcoin on numerous news venues, predicting that BTC’s price will go up.

He also seems to be a fan of asset tokenization and a believer that the much-expected ‘Facebook Coin’ is going to be vital for the whole crypto industry.

Novogratz reckons SpaceX should be ‘launched’ on blockchain

Apart from Bitcoin, Novogratz is a big supporter of tokenization when it comes to business spheres. He believes that Elon Musk should enter this industry too and turn SpaceX stock into tokens on blockchain.

This is what he tweeted on Friday after SpaceX launched a few satellites on the same day:

Proponents of tokenization, including Novogratz, believe that security tokens could make traditional Wall Street companies turn towards digital assets.

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‘Facebook Coin’ could be a major turning point for crypto

The other day, Novogratz participated in a CNBC show. He did not discuss the chances that Elon Musk would go and move SpaceX shares to blockchain. What he did talk about was the ‘Facebook Coin’ which is expected to launch soon.

The crypto investment guru believes that Facebook entering the crypto industry is a major driver for increasing Bitcoin adoption.

He hopes that FB Coin will be a global means of payment, whereas Bitcoin is to remain a store of value, like gold. To prove his point, he said that nobody goes around spending gold these days, because it is a store of value.

Facebook is wildly important for the ecosystem. Here we have one of the biggest companies in the world say ‘cryptocurrencies are going to be a part of our future’ if you believe Facebook will have a stable-ish coin, or a coin that’s going to be linked to some basket of currencies.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.