Novogratz compared growth stocks marijuana growers with the dynamics of bitcoin and Ethereum

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Novogratz compared growth stocks marijuana growers with the dynamics of bitcoin and Ethereum

American billionaire and former Goldman Sachs microtrade Mike Novogratz(Mike Novogratz) compared observed this week a sharp rise in shares of American companies-producers of marijuana with the situation around bitcoin and Ethereum in December 2017.

Speaking about this at the summit Yahoo Finance All Markets, Novogratz said that he put a lot of effort to find an effective way to open a short position in the shares of the canadian company Tilray, the price of which jumped by 50% and then went down. According to him, at a very low profit capitalization of these companies reaches $28 billion:

If I had a long position, I would have sold them, and the place speculators have shorter them.

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