March 28, 2024

Mike Novogratz predicted bitcoin above $ 12,000 in 2020

The founder and CEO of Galaxy Digital, Mike Novogratz, believes that the first cryptocurrency will end 2020 atabove $ 12,000.

He published the corresponding forecast on Saturday night on Twitter.

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Among other forecasts of Novogratz for 2020 -the defeat of Donald Trump in the US presidential election with a difference of more than 10 million votes, which he even argued at 1ETH with one of his subscribers, as well as an Oscar for Tom Hanks for his role in the film “A Beautiful Day Next Door”.

Note that this is not the first forecastentrepreneur regarding the price of bitcoin. In the summer, when cryptocurrency reached record highs this year, he said that it has every chance to grow to $ 20,000 and will certainly not fall below $ 8,500.

Already in October, when bitcoin fell below $ 7,500, itsuggested a further decline to $ 6500 with a subsequent increase to $ 10,000, but as you can see, to this point cryptocurrency still has a long way to go.

It was previously reported that net comprehensive incomeGalaxy Digital's cryptocurrency trading bank for the first nine months of this year amounted to $ 58.4 million, despite a net loss of $ 68.2 million in the third quarter. The most problematic enterprise for Galaxy in the third quarter was the OTC platform. It accounts for $ 43.3 million of total losses.

At the same time, the Pantera ICO fund, in whichinvested Galaxy Digital, suffered heavy losses this year due to a bet on little-known altcoins and tokens. According to the financial report for the third quarter of 2019, Galaxy Digital invested $ 17.4 million in Pantera ICO, but by the beginning of December, the real value of investments was estimated at less than $ 2.9 million.