Galaxy Digital CEO Mike Novogratz believes that bitcoin has already become a de facto part of modern financial market. The risks associated with investing in this cryptocurrency have eased significantly.
The businessman and BTC supporter expressed his point of view on Twitter, stressing that the largest digital currency is becoming a less risky instrument every day.
On a risk adjusted basis, $ BTC is an easier bet today than it has ever been. It's being de-risked daily.
- Mike Novogratz (@novogratz) October 27, 2020
Twitter posts pointing to the giantBitcoin's potential, Mike Novogratz has posted before. He also expressed the hope that large investors will start entering the cryptocurrency. As soon as institutional capital begins to massively buy BTC, the value of this asset will skyrocket to a historic high.
In addition, Novogratz previously predicted that by the end of 2020 or early next year, Bitcoin will again reach $ 20,000.
Many analysts and traders share the pointof the CEO of Galaxy Digital. In their opinion, the likelihood of a repeat of the rally three years ago is now quite high. If BTC breaks above $ 14,000, then this year the coin will be able to test the values at $ 20,000.</p></p>