Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz's ideal portfolio

In a recent interview with Bloomberg Wealth, Novogratz touched on topics ranging from investment to the Ripple case to Larry Fink.
If they were young and had a high risk tolerance, I would buy Alibaba stock. I would be buying silver, gold, Bitcoin and Ethereum. That would be my portfolio,” he said, implying someone investing $100,000. For those with a lower risk tolerance, he recommended allocating only 30% of a portfolio in the example, with the remaining 70% in bonds and perhaps index funds.
Novogratz's bullish stance on Bitcoin received support from BlackRock's application for a spot Bitcoin exchange-traded fund (ETF) in June. According to him, the app was the biggest Bitcoin development of 2023.
"The most important thing to happen in Bitcoin this year is Larry Fink."
Larry was a non-believer. Now he says, 'Hey, this is going to be a global currency. People around the world trust it,” he commented, adding that Fink is orange. “As we said, he became 'orange furry.' The orange pill is when you take someone who doesn't believe and make him believe in Bitcoin.”
According to Novogratz, BlackRock's move towards Bitcoin is part of an adoption cycle that could lead the Bitcoin price to reach new highs, especially if the Federal Reserve starts lowering interest rates.
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