Novogratz calls AI the biggest bubble of our lifetime, says buy anyway
- —Novogratz called AI the biggest speculative boom of his lifetime
- —He told investors to buy AI stocks aggressively, citing attractive P/E ratios
- —The S&P 500 hit a record on October 6 as Nvidia neared a $6 trillion valuation
- —Galaxy Digital is converting former Texas Bitcoin-mining sites into AI data centers
Why it matters: Galaxy's fortunes are increasingly tied to AI demand rather than crypto, reshaping the profile of one of the largest public crypto firms.
Source: Crypto Briefing