Forecast confirmed: Crypto-Bull Novogratz: Bitcoin should double in six months – “otherwise I will give up my shoes” message
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Corona crisis could drive Bitcoin
Mike Novogratz expects the course to double
The corona pandemic has sent international equity markets down. Bitcoin was also not spared and dropped significantly. The world’s most popular cryptocurrency did not prove to be a “safe haven” as advertised by some fans.
Nevertheless, many in the crypto community are convinced that Bitcoin can benefit from the current crisis. The international central banks have opened their money gates in the fight against the economic consequences of the corona crisis. – Trade Bitcoin with Plus 500 – how it works. 76.4% of retail CFD accounts lose money. – Bitcoin could now become attractive for investors who therefore lose their trust in the state financial system, because it was ultimately designed as a decentralized, state-independent and non-inflationary means of payment.
Novogratz ties career to Bitcoin boom
One of those who see Bitcoin facing a bright future is Michael Novogratz, CEO and founder of the crypto investment company Galaxy Digital. In an interview with the US broadcaster “CNBC”, he pointed to increasing investor interest in Bitcoin and said: “This is Bitcoin’s year and if it doesn’t increase by the end of the year, I’ll hang my shoes on. ”
Upon request, the former hedge fund manager became more specific and predicted that the bitcoin rate would have doubled in six months. He also believes that Bitcoin could even test the $ 20,000 mark at the end of the year.
– CNBC’s Closing Bell (@CNBCClosingBell) April 2, 2020
This would take Bitcoin to its old all-time high. Reminder: In 2017, the price climbed from less than $ 1,000 at the beginning of the year to around $ 20,000 in December 2017. Then the bubble burst and the Bitcoin has not even reached this level since.
With its latest statements, Novogratz virtually confirmed an earlier forecast. Because last year, the Bitcoin fan had already stated that the cyber currency could climb to $ 20,000 again.
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Before that, the Galaxy Digital CEO was even more optimistic about Bitcoin. For example, in November 2017, shortly before the Bitcoin bubble burst, he told “CNBC”: “At the end of 2018, Bitcoin could easily be around $ 40,000”. So far, Bitcoin’s bullish forecasts have proven too optimistic and it has cost his company a lot of money.
Editorial office Forex-news.com.net
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