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“AI bubble” is at early stage, while bitcoin may be better bet than JP Morgan stock: Michael Novogratz

Michael Novogratz, chief executive at crypto investment manager Galaxy Digital, said while bitcoin and ether ETHUSD have recently been rangebound with low trading volume, they are still “the two best assets to invest in over two years, three years, six months” on a risk-adjusted basis. 

Bitcoin BTCUSD’s volatility has recently come down, while it is still elevated compared to most other assets. The crypto has rallied over 60% so far this year, but is still down over 60% from its all-time high in November 2021, according to…

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