Cardano’s 477% price appreciation in 2021 seems to have caught “the attention of some of the savviest investors in cryptocurrencies,” claims a recent report by Bloomberg.
One of those savvy investors is billionaire investor Mike Novogratz. This former hedge fund manager is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.”
On March 9, Novogratz challenged the Cardano community on Twitter to make a real bull case for ADA. One of those who replied was IOHK CEO Charles Hoskinson, who said that he would be “happy to have a call” with him. Well, last Friday (March 12), Novogratz said that he received huge engagement on this question and that he would talk to Hoskinson in the coming week.
Really appreciate the engagement on this question.Maybe the most I’ve ever gotten on a question. I am bearish but will do a call with @IOHK_Charles next week. Maybe he can convince me that I’m wrong. Just seems to much market cap for the amount of engagement.I keep it simple. https://t.co/xahpAoRyua
— Mike Novogratz (@novogratz) March 12, 2021
Hoskinson told Bloomberg:
“My goal is to run countries on this blockchain. I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.“
According to Jérôme Siv, an alayst at S14 Capital, on Sunday (March 14), Cardano got added to the Bloomberg Terminal.
— Jérôme S. 🇫🇷 (@CryptoJeromeFR) March 14, 2021
Since the Bloomberg Terminal is used by many institutional traders, this news seems quite bullish since it should provide Cardano with further exposure.
According to data by TradingView, Cardano’s ADA token is currently (as of 10:55 UTC on March 16) trading around $1.0382, up 477.09% in the year-to-date period.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.