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HomeCoins NewsBitcoinBitcoin billionaire Mike Novogratz ditched Joe Biden for a youthful challenger

Bitcoin billionaire Mike Novogratz ditched Joe Biden for a youthful challenger

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  • Mike Novogratz shifted alliances to help Dean Phillips, the underdog within the US presidential primaries.
  • Novogratz endorsed Joe Biden $200,000 in 2020, however now says he is too outdated and that his administration is not crypto-friendly.
  • They see Phillips as an clever centrist with a powerful enterprise file.

In a shocking twist, Mike Novogratz, a billionaire bitcoin investor and former supporter of Joe Biden, has shifted alliances to help Dean Phillips, an underdog within the US presidential major race.

Based on US media CNBC, Novogratz supported incumbent US President Joe Biden with a contribution of $200,000 in 2020. Nevertheless, he’s now throwing his help behind Phillips. The report mentioned Novogratz was set to co-host a marketing campaign fundraiser for Phillips in New York on Saturday. Based on the report, the unique occasion has an entry charge of $3,300.

Novogratz expressed his shift in perspective, stating, “I labored arduous in 2020” for Biden. However now he believes each Biden and former President Donald Trump are too outdated for the job. Because of this, he’s advocating for brand spanking new management.

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Notably, Biden celebrated his 81st birthday in November, whereas Trump can be 78 subsequent June. Novogratz sees Phillips, 54, as an clever centrist with a powerful enterprise file. As well as, he plans to fulfill with Nikki Haley, the previous US ambassador to the United Nations, subsequent month as a part of contemplating whether or not to again her in Trump’s problem.

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In response to Novogratz’s transfer, Biden marketing campaign spokesman TJ Ducklo famous, “I do not know who he’s, however we recognize his help for the president and we want him one of the best.”

Novogratz has beforehand criticized the Biden administration’s stance on cryptocurrencies. Throughout a enterprise summit in Miami, he said that “the Biden administration, the Democratic Celebration actually does not like cryptocurrencies.”

The American billionaire is a staunch supporter of cryptocurrencies and sometimes urges folks to spend money on Bitcoin amid the US financial woes. Novogratz is the CEO of Galaxy Funding Companions, a cryptocurrency firm.

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