The founder of the Galaxy Digital cryptocurrency fund, Michael Novogratz, believes that after halving the rewardBitcoin miners, investors will continue to buy cryptocurrencies.
In a new interview on the CNBC Fast Money channel program, Novogratz emphasized that institutional investors continue to show interest in the first cryptocurrency.
“I expect that they will buy back at $ 8000 or $ 8500. We see how very big money is interested in bitcoin. We see how very rich people, funds, invest in the first cryptocurrency. It seems that everyone is investing in it, ”said Novograts.
Michael recalled how recently Paul Tudor Jones said that the first cryptocurrency is preparing for a powerful leap. Institutional investors now expect Bitcoin to grow.
“Among other projects, Ethereum stands out. It really needs to be developed and used for transactions. Bitcoin is not widely used for payments, but in a couple of years, users will come to the platform. Then there will be a wave effect, developers will come, coders will come, and users will come, ”said Michael Novogratz.
In March, Michael Novogratz said that 2020 will be the year of Bitcoin growth. It is possible that he will be right.
</p></p>Read this:
Mike Novogratz: gold and bitcoin will continue to grow amid the US-Iran conflict
Michael Novogratz: “The situation on Wall Street has affected bitcoin”
Michael Novogratz: “Telegram is better to introduce bitcoin and stablecoins instead of TON”
Michael Novogratz: “Bitcoin needs to return above $ 7,500”
Michael Novogratz: “Confidence in Bitcoin just disappeared”
Michael Novogratz: “Bitcoin will reach at least $ 12,000 next year”