Famous CEO Announces His Year-End Bitcoin Price Expectation
The price of the leading cryptocurrency, Bitcoin, has been on the rise since the beginning of this week. BTC, which rose from $ 9,300 to $ 10,500, went over this place with the pressure of bulls and reached the point of $ 11,400. Mike Novogratz, CEO of Galaxy Digital, thinks that the rise of Bitcoin is not over yet. Famous CEO Announces His Year-End Bitcoin Price Expectation
Bitcoin will increase by 80% in 5 years
In a recent interview, Novogratz stressed that the BTC / USD trading parity will be up to $ 20,000. Novogratz was not content with this prediction. The CEO of Galaxy Digital emphasized that those who invest in Bitcoin will increase their money by 80% in the next 5 years.
Stating that gold prices will continue to rise, Novogratz reminded that the continuation of the central banks and governments to print money will have an effect. Reminding that “big balloons” are usually over with financial policy moves, the famous name stated that the FED will not be able to take an interest rate step right now. This may continue the rise in Gold prices.
— Melissa Lee (@MelissaLeeCNBC) July 28, 2020
The U.S. government recently approved an additional $ 1 trillion incentive package for Americans. In such an environment, the rise of both Bitcoin and Gold prices does not seem like a surprising development.
In addition, Novogratz stated that he preferred BTC between Gold and Bitcoin and explained his side.