February 23, 2024

Mike Novogratz: 2020 will be “the year of Bitcoin”

Mike Novogratz: 2020 will be “the year of Bitcoin”

Michael Novogratz, former Goldman Sachs partner, founder, chairman and CEO of Galaxy Digital Bank,believes that 2020 will be the best year for cryptocurrency.

Novogratz believes that despite the volatility the market has faced in recent weeks and despite falling prices, 2020 will be the year of Bitcoin. 

Mike Novogratz: 2020 will be “the year of Bitcoin”

Unstable macrophone – main reasoncreation of the first cryptocurrency. The former Wall Street hedge fund manager noted that it is when the global economy approaches recession that Bitcoin should demonstrate its full potential.

However, in his opinion, the volatility of the first cryptocurrency will last for several more months. 

The investor said that the current financial situation in the United States could become destructive for the MTC exchange rate and slow down the spread of cryptocurrencies and price increases up to 12-18 months.