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RE: Mike Novogratz - "This will feel like a bubble when we are $20 Trillion"
Honestly I don't think it is a warning more than it is a validation of the asset class in that traditional finance is getting involved.
Partially true too.
Consider that "traditional finance" is not a monolithic entity and that Jamie Dimon and Warren Buffett (whom is usually decades backwards and made his fortune through persistence, connections and size) do not share the same narrative with Lloyd Blankfein and the Goldman Sachs gang, from which this Mike Novogratz came.
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