Galaxy Digital CEO Mike Novogratz believes that Bitcoin (BTC) has actually become part of the modernfinancial market. The risks associated with investing in this cryptocurrency have eased significantly.
The businessman and BTC supporter expressed his point of view on Twitter, emphasizing that the largest digital currency is becoming a less risky instrument for investors 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 giant
In addition, Novogratz previously predicted that Bitcoin would reach $20,000 again by the end of 2020 or early next year.
Many analysts and traders share the pointfrom the perspective of the CEO of Galaxy Digital. In their opinion, the likelihood of a repeat of the rally of three years ago is now quite high. If BTC breaks above $14,000, then this year the coin could test the $20,000 level.
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