TREE NEWS reports: Billionaire Michael Novogratz said artificial intelligence is in “the biggest bubble of our lifetime” but investors should still participate, speaking on a panel at the Greenwich Economic Forum in Greenwich, Connecticut, on October 6. The Galaxy Digital founder and CEO said bubbles “always end spectacularly,” though the current state is “not spectacular enough” yet, and argued AI-related stocks still look cheap on price-to-earnings basis.
Novogratz: AI Is ‘Biggest Bubble of Our Lifetime,’ But Investors Should Still Buy In
Novogratz's framing is notable less for the bubble call than for the tension inside it: a veteran crypto-market figure telling a traditional finance audience that a mania is both real and still worth holding. That straddle matters for crypto readers because AI and digital-asset narratives increasingly compete for the same speculative capital and the same investor attention. Whether that capital keeps treating the two as parallel trades, or rotates between them as one cools, is the open question.
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