Billionaire Mike Novogratz reportedly sees the bullish potential of Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin created by Sam Altman, the CEO of OpenAI.
According to a new report by Bloomberg, the CEO of Galaxy Investment Partners says he believes Worldcoin, which launched last week, will see its price rise due to the current hype around artificial intelligence.
“You don’t want to bet against Sam Altman right now. I think the price could potentially go a lot higher because there is an AI hype cycle.”
Worldcoin, which uses iris scanning technology, is trading at $2.30 at the time of writing, down 6% in the past 24 hours.
Novogratz went on to praise BlackRock CEO Larry Fink for his efforts to create a spot-market Bitcoin (BTC) exchange-traded fund (ETF), saying the CEO is the “most important thing” to happen with the flagship digital assets this year.
According to the billionaire, changing his stance on Bitcoin, considering it an “international asset” and pursuing a BTC ETF could spark a new wave of investment in major crypto assets by market capitalization.
“He got ‘orange pills’, as we say. Orange pill is when you take an infidel and make them believe in Bitcoin. Larry was an unbeliever. Now he says, “Hey, this is going to be a world currency.” People all over the world rely on it.”
Earlier this year, BlackRock archived a bid to create a BTC ETF, which would allow investors to gain Bitcoin exposure without owning the crypto assets themselves. It has yet to be officially approved or rejected
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Featured image: Shutterstock/pedrosek