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Bitcoin is still on track to hit $500,000 over the next five years, according to billionaire crypto investor Mike Novogratz. He also admitted he was β€œwrong” about the extent of the leverage in the industry.

Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd, told Bloomberg at a summit on July 19 that demand for the cryptocurrency would be driven by higher rates of adoption and global economics.

β€œIt’s not like diving with two feet right now because institutions are a little bit more cautious. But once we get balance, once we get equilibrium and start a new narrative they’ll come back. When I look at the global landscape, I just don’t see how fiscal prudence gets put back into a box.”

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Show Notes / News Resources:
βœ” Bitcoin Technical Analysis:
βœ” The Most Compelling Chart in Crypto:
βœ” Bitcoin is Legal Tender in Prospera:
βœ” BTC Burst to $30K:
βœ” $500K Bitcoin Prediction:

πŸ”΄ DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.​​​​​​​​ Always do your own research and never invest what you cannot afford to lose.

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