Dollar billionaire investor and crypto supporter Mike Novogratz was a guest on Bloomberg’s famous publisher David Rubenstein’s program. Novogratz, who made many evaluations about cryptocurrencies and the general macroeconomic outlook, also answered the question “How should you invest 100 thousand dollars right now?”.

Stating that it is better to make a portfolio for young investors with a high risk threshold, Novogratz said:

“If they are not afraid of risk and they are young, then I would buy Alibaba stock, gold, silver, Bitcoin and Ether. That would be my portfolio. If they don’t want to take too much risk, I would apply the same strategy for 30 percent of the total portfolio and invest the rest in bonds and maybe an index fund.”

Looking at the assets Novogratz wants to invest in, it is seen that Bitcoin has provided the highest return since the beginning of the year. Bitcoin has returned 75%, Ethereum 52%, gold 7.7%, silver 3.5% and Alibaba shares 12%.

Novogratz also said that BlackRock’s ETF application is very important and most likely spot Bitcoin ETF acceptances will trigger the next big price move.