Bitcoin will reach $ 20,000 in the next 2-3 months

The founder and CEO of Galaxy Digital, Mike Novogratz, is convinced that by the end of 2020, Bitcoin will gain a strong foothold ina historical maximum of $ 20,000, and will reach it in the next 2-3 months.

According to Novogratz, the approaching halving of the coin will be the approaching halving.

“Right now, bitcoin is unstable, but I think thatby the end of the year, we will definitely overcome the historical maximum of $ 20,000, or at least reach it. This can happen in a couple of months thanks to the halving. ”- suggested Novograts.

A positive factor for the growth of the first cryptocurrency will also be the emergence of regulated cryptocurrency exchanges and asset acceptance by conservative institutional investors.

In addition, the continued issue of fiat currencies is also capable of playing into the hands of bitcoin, Mike Novogratz added.

"The main digital asset, like gold, acts as a hedge fund, protecting investors from inflation and monetary policy of the states, leading to the depreciation of money."

Earlier, Mike Novogratz called the presence of bitcoin in the investment portfolio “a means of self-defense.”

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