Mike Novogratz considers Cardano a ‘mystery,’ slams the currency.

Mike Novogratz

TL;DR Breakdown

  • Mike Novogratz, one of the most successful and well-known hedge fund managers, has spoken against Cardano.
  • The hedge fund manager has maintained a negative stance on Cardano for a long time and stated that he considers it a ‘mystery.’
  • After Mike Novogratz tweeted this, people on Twitter asked the manager to search on the reason why the crypto has risen to 3rd position.

The rise of cryptocurrencies from the bearish trend was nothing short of spectacular. As Solana reached its all-time high today, Luna followed it. Another spectacular growth was experienced by Cardano that captured the third position in the crypto ranking.

The rise of Cardano brought attention to many crypto investors and enthusiasts. Mike Novogratz replied to a tweet by a cryptocurrency enthusiast wherein he asked the reason for Cardano’s rise to the third rank. In the reply, he called the 3rd biggest cryptocurrency a ‘mystery.’

Mike Novogratz received a bold response

Plenty of Cardano supporters came out to relay their thoughts on this statement by the hedge fund manager. The statements by Mike on Cardano have made him popular, and he has continued to reply to other users condemning his lack of knowledge of Cardano.

“You had two options, Mike; open a bunch of tabs and research, or simply visit a farm. You chose none(unsurprisingly).”

a Twitter user said.

Mike replied with a tweet which read:

This is not the first time Mike Novogratz has publicly made such a bold statement regarding cryptocurrency. Back in the month of June, the fund manager was the one to call Cardano a ‘weird cult,’ and his statement attracted a lot of hate from the Cardano community.

He has become rather famous because of his bold remarks on the growth and adoption of the third-largest cryptocurrency and Bitcoin as well, which he calls a ‘funny internet currency.’

The tweets against cryptocurrencies by Mike Novogratz brought the attention of Charles Hoskinson, who asked the fund manager to wait and review this Tweet every year.

John Lincoln

John Lincoln

Lincoln contributes blockchain and crypto perspectives that meet the industry's selective information needs in a timely, undiluted fashion. His greatest wish is to share transformational technology through an engaging and easy-to-read style, making complex topics accessible to all.

Related News

Hot Stories

Uniswap price analysis: UNI crashes to $7.13 after a tremendous bearish period
Aave price analysis: Bearish strain brings price below $87 as AAVE encounters a 13 percent loss
Bitcoin price analysis: Massive crash incoming as BTC touches $21,404
Polkadot price analysis: Price levels down to $7.84 as bearish pressure still persists
Bitcoin, Ethereum, Celsius, and Stacks Daily Price Analyses – 18 August Roundup

Follow Us

Industry News

Best Twitter thread of the day - August 18th
Top tweets of the day - August 18th
Redditor create a bot for crypto price predictions
Korean police set to accept crypto for traffic fines after 88% program success
How to bridge to Dogechain?