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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 “wrong” 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.
“It’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:
✔ Bitcoin Technical Analysis: https://bit.ly/3zjUz6O
✔ The Most Compelling Chart in Crypto: https://bit.ly/3B4P11i
✔ Bitcoin is Legal Tender in Prospera: https://bit.ly/3OlVAzC
✔ BTC Burst to $30K: https://bit.ly/3PzMu3y
✔ $500K Bitcoin Prediction: https://bit.ly/3yXe4kb
🔴 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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