- Mike Novogratz has shifted alliances to back Dean Phillips, the underdog in the U.S. president’s primary race.
- Novogratz supported Joe Biden with $200,000 in 2020 but now says he is too old and that his administration is not crypto-friendly.
- He sees Phillips as an intelligent centrist with an impressive business track record.
In a surprising turn, Mike Novogratz, a billionaire pro-Bitcoin investor and former Joe Biden supporter, has shifted alliances to back Rep. Dean Phillips, the underdog in the U.S. president’s primary race.
According to U.S. media CNBC, Novogratz supported the incumbent U.S. President Joe Biden with a contribution of $200,000 in 2020. However, he is now throwing his support behind Phillips. The report stated that Novogratz is set to co-host a campaign fundraiser for Phillips in New York City on Saturday. Per the report, the exclusive event has an entry fee of $3,300.
Expressing his shift in perspective, Novogratz stated, “I worked hard in 2020” for Biden. However, he now believes both Biden and former president Donald Trump are too old for the job. As a result, he is advocating for fresh leadership.
Notably, Biden celebr…
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