The CEO of Galaxy Digital Mike Novoghatz expects that Bitcoin (BTC) will one day deserve a million dollars for two main reasons.
In a new interview on the Shwab network, Novoghatz He says Bitcoin will eventually increase by 850 % of its current value due to increased adoption and weak US dollar.
“The price moves on the articles. One is the adoption, the more and more people who have been presented to it. We call it to be directed to orange towers.
The other is a macro background, which I think is still spending a lot of money. ”
It is also believed that young generations prefer to invest in the origins of the upper encryption over gold, which will send Bitcoin to the top.
“How do I think that bitcoin can go to a million? Well, gold is nearly $ 20 trillion, and bitcoin is approximately 2 trillion origins. The souls, which will go away slowly and pass this money, will be more willing to buy bitcoin than gold.”
Novogratz previously said Bitcoin has become “institutional micro origins” just like gold or silver.
Bitcoin is trading for $ 10,270 at the time of writing, a decrease of 2.3 % in the past 24 hours.
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