13.5 C
Manchester
October 4, 2022
Image default
Bitcoin

Mike Novogratz (Galaxy Digital): Bitcoin will cost $ 500,000 –

CEO Mike Novogratz (Galaxy Digital) believes Bitcoin will hit $ 500,000. As he claims “We have reached a turning point in the network effect.”

Mike Novogratz from Galaxy Digital remains optimistic about Bitcoin

IN during the discussion with Michael Saylor on MicroStrategy’s YouTube channel, Novogratz predicted that Bitcoin would continue to function well, but more as an asset rather than a currency.

I think we have reached a turning point in this network effect that I was talking about (…): if I look at Bitcoin in terms of the gold market, I think Bitcoin will be digital gold. I know many people disagree with me. They think, “No, it will be money. It will be the main blockchain. ” I just don’t think so. I think [BTC] it’s a great store of value. It was perfectly designed as a store of value The businessman explained.

Race against gold

The above thinking has consequences in terms of price prediction. BTC as a store of value must – according to Novogratz – somehow catch up with the level of market capitalization to the level at which it is now a classic safe haven.

As he explained, Bitcoin can take over further percentages of gold market capitalization.

– In my opinion, we will easily reach 10% by the end of the year. This way you will receive Bitcoin for USD 55,000-60,000. I know that as soon as we reach 10% we will say, “Why 10? Why not 20? “And when we reach 20 percent, we’ll talk about 50 percent, then 100 percent. – added. – So at the end of this year, we’ll have $ 60,000 [ [za 1 BTC]and probably $ 500,000 as early as 2024-2025… It won’t happen overnight – He said.

As he further explained, along with the BTC adoption, there must be more knowledge about cryptocurrencies. It is about “More and more education, more and more such seminars [ jakie robi Microstrategy], more and more people are buying this vision. “

At the time of writing, Bitcoin costs $ 48,881.

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

Related posts

Blockchain will help in the fight against counterfeit products |

Aparnna Hajirnis

Bitcoin price rises more than 8% and BTC’s market value exceeds $ 1 trillion

Anupreet Kaur

BitMEX to offer unlimited futures for Bitcoin Cash

Aparnna Hajirnis

Leave a Comment