Mike Novogratz Pronounce Cryptos As Safe End Expects Bitcoin to Rally In Q1 2019

by | Oct 22, 2018 | Bitcoin, Cryptocurrency, Cryptocurrency News

Mike Novogratz | Bitcoin | Bitcoin Rally | Crytocurrency

Mike Novogratz, CEO of Galaxy Investment Partners and prominent Bitcoin(BTC) bull, has toned his bullishness a few notches and reiterates that a price surge in bitcoin will not come until institutional adoptions, which might take the first half of 2019. While speaking to Erik Schatzker on “Bloomberg Markets: The Close,” he stated that the bitcoin wouldn’t break   $10,000 in 2018.

Novogratz. who has been a vocal advocate and cryptocurrency, told the network:

One thing you learn in this process is that everything takes a little longer than you hoped it would. I don’t don’t see us breaking $10,000 by the end of the year.” 

Just last month, Novogratz boasted that bitcoin price will witness a 30 percent rise by the end of the year, in an interview with CNBC. He also added that once the price touches the $10,000 range, it will lure the institutions as they will have an “‘all clear’ sign for people — big institutions and pension [funds] — to start investing.”

Emphasizing the need for a long-term rally, Novogratz claims that the crypto market cap could touch  $20 trillion valuations. Until now the bull was pretty confident that the current low will soon pass and the crypto market will bounce back and surpass the previous all-time highs.

“[Cryptocurrency] is a global revolution. The internet bubble was only a US thing. It was rich US people participating. [Cryptocurrency] is global. There are kids in Bangladesh buying coins. It is monstrous in Tokyo, in South Korea, in China, in India, and in Russia. We’ve got a global market and a global mania. This will feel like a bubble when we’re at $20 trillion,”

Read more: Mike Novogratz And Goldman Sachs Invests In Crypto Startup BitGo

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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