Mike Novogratz, the founder of Galaxy Digital, shared his investment recommendations for young investors with a high-risk tolerance in an interview with Bloomberg Wealth. He suggests a portfolio that combines traditional assets like Alibaba, silver, and gold with leading cryptocurrencies Bitcoin and Ethereum.

Novogratz is bullish on Bitcoin and believes that BlackRock CEO Larry Fink's endorsement of the cryptocurrency could lead to institutional adoption and further price increases. However, the recent Ripple case verdict highlights the need for clear and comprehensive regulatory frameworks in the cryptocurrency industry to balance innovation and investor protection.