As cryptocurrency markets have been edging up over the previous two weeks amid a number of sell-offs on the mainstream market, the crypto neighbor
As cryptocurrency markets have been edging up over the previous two weeks amid a number of sell-offs on the mainstream market, the crypto neighborhood has change into much more bullish on the value of the key cryptocurrency, Bitcoin (BTC).
Mike Novogratz, CEO of crypto service provider financial institution Galaxy Digital and a widely known Bitcoin bull, has as soon as once more reiterated his bullish stance to the most important cryptocurrency, predicting that Bitcoin ought to retest its $20,000 highs by the tip of 2020.
In an April 2 interview with CNBC’s Closing Bell, Novogratz additionally expressed his confidence that Bitcoin’s value ought to at the very least double earlier than October 2020.
Whereas Novogratz delivered one more bullish prediction for Bitcoin, this time, the outstanding crypto advocate admitted that he would possibly hand over on Bitcoin if its value doesn’t hit a brand new all-time excessive in 2020:
“That is the 12 months of Bitcoin and if it doesn’t go up now by the tip of the 12 months, I would simply hold my spurs.”
Novogratz’s new Bitcoin prediction comes amid some restoration on crypto markets as Bitcoin rallied as much as $7,200 on April 2 after dropping to as little as $3,600 earlier in March. As of press time, Bitcoin is buying and selling at $6,989, up over 4.6% over the previous 24 hours at press time, based on Coin360.
Novogratz loves making predictions
This isn’t the primary time that Novogratz made an optimistic prediction about Bitcoin. Actually, Novogratz is thought for making some inaccurate Bitcoin value forecasts alongside main business bulls like Tim Draper and John McAfee.
Final 12 months, the Galaxy Digital CEO argued that institutional curiosity would push the Bitcoin value again to $20,000 earlier than the tip of 2019.