Mike Novogratz likes gold, but prefers its digital equivalent.
Digital gold, as it is often called, has a maximum supply of 21 million coins.
Bank of America recently shared its views on gold and the industry around it.
BofA publishes some interesting facts about the precious metal in connection with its characteristics and origin.
The most interesting of these facts states that there are estimated to be over 10 billion tons of gold in the oceans.
Despite the March crash, the metal is doing well this year. It reported growth of 17% since the beginning of the year, approaching its highest value of $ 1,920, reported on September 11, 2011.
Novogratz revealed that Bitcoin and gold are his favorite assets, with digital gold being the more preferred of the two.
Bitcoin grew by 53% for the year, performing significantly better than the precious metal.