alix -- galaxy digital ceo mike novogratz says he is still a buyer of digital currency.e with sonali basak at the qatar economic forum earlier today. >> i look at bitcoin in particular as digital gold, so if you are going to be long gold, bitcoin is a better version because it has the same macro tailwinds, but is also very early in the adoption curve. people were scared of bitcoin a few years ago. now hedge funds are ok with it. real money managers are ok with it. insurance companies are ok with it. so you are playing an adoption game and a macro game. i'm still a big buyer of bitcoin. the rest of the crypto is a giant venture bet. ethereum and etherium-like tokens, and fts, it is -- tokens, nft's, it is all part of a new future. we are building this new architecture for the financial world that is going to be more egal a terrien, more transparent, more efficient, and more fair. you can see gen z and millennials moving towards crypto, but you can see the whole world now looking at it. sonali: i'm glad you already brought in the definition of cryptocurrency here beyond bi

it china joining us now with his take on butt bitcoin's fall and where they find some support, mike novogratz4 where do you think the near term low will end up being? i know it's total conjecture on your part. >> listen, so we had china, right, really be much more forceful in their cryptocurrency that created a retail del deleveraging a lot of crypto happens in asia. a lot is chinese focused so we're seeing big liquidations it's hard to call a bottom $30,000, we'll see if if it holds on today we may plunge below it for a while and close above it if it really reached $25,000 is the next big level of support. look, i'm less happy than the ones but i'm not nervous we continue to see talent come into the space i was talking to the big pension funds that are making close to making the first investmentes in bit counsel. i think we're going to see a shift away from asia and more to the developed world. every month they want more control over his country bitcoin is about freedom and so, you know, people say could it happen in america could it happen in europe? the answer really is no. we voted for ou

jonathan: that was mike novogratz, the galaxy digital ceo and chairman.erday, $28,000. just sort of $34,000 now. alongside tom keene and lisa abramowicz, i'm jonathan ferro. getting you set up for the price i can this wednesday -- for the price action this wednesday. in the fx market, euro stronger. euro-dollar moving by about 0.1%. crude holding onto the $73 handle. tom: we will watch that carefully, particularly off of the news in crimea and the black sea. right now, david wilson on the equity markets. what have you got? dave: talking about google's alphabet. it's two classes of shares in the s&p 500 that have kind of diverged from one another. you would think that people would pay for the right to vote. you would be wrong. in fact, the nonvoting shares of alphabet, class c, have become more valuable. they have performed better this year than the voting class a stock, and that plunge you see in the last couple of months is the value of the class a, so the voting rights that go along with that stock are really worth less than zero at this point. tom: is

novogratz, thank you is this the year, mike -- will you make any long-term predictions?out the people you have and your coats and everything? is this the best you've felt that this could be the promised land get to the promised land is this the year >> joe, i've always -- we're going to end with 400. so if that doesn't show my optimism to the opportunity set. >> talking about the 76ers, novogratz. what are you talking about >> the 76ers i like the 76ers i like joel imbembiid >> brooklyn or knicks. >> mike is a sixers fan just as everyone in the studio all three of you have been supporting us through the playoffs do not worry about the knicks. we need everyone to support. >> i knew i would get nowhere with that. i think it's great i've never been more interested in it. i guess it's draft kings that is what it is thanks, guys that is what it is. >> wager five bucks on it. >> three-way parlays on it >> i do, five bucks. i've had the same $100 that i put in this year and it's -- >> seriously >> yes >> it's at 210 right now. >> that's not bad. >> the world's biggest meat supp

just on cnbc.com by the way, goldman sachs ramps up bitcoin trading in new partnership, with mike novogratz. >> and this is 27,000. >> let the speculative stuff come down is what i'm saying that's all i'm say let's the speculative stuff come down adobe, the bulls are starting a little too early i would let that come in a little and i would buy that that's one i want to buy today but i want it to come in but i am saying that, look, i am bullish. okay i'm bullish. but seasonally, and the combination of powell and bullard, take some off the table. >> june swoon. >> yes. >> and then set sail in may. that is just ee cummins or something. remember those classes you had to take, poetry. >> that hasn't worked for a while. >> the june swoon is for real, 22 out of 23 times. >> june swoon and the rest of the summer and into the end of the year will be fine. >> and it's what liesman said, rates are really low but you buy high growth and not super high growth with no earnings and 58 times sales or the ark method where they like pre-revenue. i think pre-revenue, that is kind of an oxymoron. >> looking at