Worldcoin Wins Over Billionaire Mike Novogratz, Turns Him Bullish: Report

Billionaire Mike Novogratz is allegedly excited about Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin established by OpenAI CEO Sam Altman.

According to a new Bloomberg story, the CEO of Galaxy Investment Partners believes Worldcoin, which started last week, would see its price climb due to the current artificial intelligence buzz.

“You don’t want to bet against Sam Altman right now. I think the price potentially can go a lot higher because there’s an AI hype cycle.”

Worldcoin, which employs iris-scanning technology, is trading at $2.30, a 6% reduction over the last 24 hours.

Novogratz went on to compliment BlackRock CEO Larry Fink for his efforts in seeking to develop a spot market Bitcoin (BTC) exchange-traded fund (ETF), calling Fink the “most important” thing to happen to the flagship digital currency this year.

According to the billionaire, Fink’s decision to reclassify Bitcoin as an “international asset” and pursue a BTC ETF could trigger a new wave of investment into the top crypto asset by market cap.

“He got ‘orange-pilled,’ as we say. The orange pill is when you take a nonbeliever, and you make them a believer in Bitcoin. Larry was a nonbeliever. Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it.”

BlackRock filed a proposal earlier this year to launch a BTC ETF, allowing investors to have exposure to Bitcoin without owning the cryptocurrency itself. It has yet to be accepted or denied formally.