Bitcoin to Reach $500k in the Next Five Years, Says Multimillionaire Mike Novogratz -Breaking
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Bitcoin to Reach $500k in the Next Five Years, Says Multimillionaire Mike Novogratz Galaxy Digital CEO Mike Novogratz doesn’t see slowing down any time soon and predicts its value could reach up to $500,000 within the next five years. The ongoing regulation will see 75% disappear, however.
Novogratz stated that blockchain technology will revolutionize investing and replace traditional financial systems during a Bloomberg Technology interview.
Novogratz believes Bitcoin will serve as a lifeline for people who don’t trust their government or don’t want to rely on their local currency. The slump in cryptocurrency’s value has not dampened his optimism about its future.
Novogratz, who had a career in finance and became CEO at Galaxy Digital in 2017, became one of the most successful crypto millionaires. Galaxy Digital currently has an estimated market capital of $5.78billion and $3b in assets under management.
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