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October 2, 2022
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Mike Novogratz: Bitcoin will go to the wallets of older investors –

Mike Novogratz, CEO of Galaxy Digital, says Bitcoin will rise to $ 100,000. Purchases by institutions will be behind the jump in price. He added that older investors can also start investing in cryptocurrencies.

Mike Novogratz: Bitcoin finds its way into the wallets of big investors

In an interview with Bloomberg Technology Novogratz admitted that he is witnessing a growing interest in Bitcoin on the part of large institutional investors.

– We started meeting one group of investors after another. These were corporations – Square, MicroStrategy, and Tesla. These were insurance companies – Mass Financial and others. They are wealthy people. They are ETFs – He said.

He added that we had lived in the world not so long ago, “Where buying Bitcoins was a bit risky.” But the realities have changed a lot now, which is the result of printing huge amounts of money by banks.

– Our Galaxy business is booming – He said.

It is said that the number of investors who want is constantly growing “understand” Bitcoin and join the current trend.

BTC at $ 100,000

All of the above must have consequences. As more and more institutions are buying Bitcoin, Novogratz predicts that the price of BTC will more than double and reach $ 100,000. When? By the end of 2021

– It seems that we are going to consolidate in this area, around $ 50,000 (…), but then another big wave [podniesie cenę] up to $ 100,000 – he predicted.

In November 2020, Novogratz predicted that Bitcoin would eventually surpass $ 20,000 – the previous ATH – and then hit $ 65,000. The latest forecast from the head of Galaxy Digital suggests an increase of over 100%, as the cryptocurrency currently costs around $ 47,000.

Novogratz adds that he believes even older investors will likely start buying Bitcoin soon.

You know, it surprises me. (…) the adoption I see is shocking and it’s not like I’m just a guess [analizując rynek]. I look back, look ahead and see all these new projects coming up, banks that will have products for their wealth management companies. Every major bank in America is working on a wealth management product, so we’re going to reach the baby boomer generation sooner than expected – He said.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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