According to Novaes, “If people are going to day trade cryptocurrencies, and they don’t know what they are going, they’re going to get slaughtered.” He added that he is “long cryptocurrencies” investor.
Furthermore, he said, “I believe in the technology behind it, and we’re in the middle of the biggest wealth transfer in history. It will develop over the next five to 10 years. I won’t put my entire life savings on it … but 1 or 2 percent, whatever, because there’s a lot of upside and it will ultimately change our lives.”
