Image default
Bitcoin

Billionaire Mike Novogratz Predicts Bitcoin (BTC) Will Explode by Over 1,100% – Here’s When

Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) may rally by over ten occasions over the subsequent half-decade.

In a brand new Bloomberg interview, Novogratz says Bitcoin will vary for the remainder of this yr however will hit a six-figure price in 5 years as adoption of the flagship cryptocurrency grows.

The whole year I thought we would be at $30,000 – $50,000 range in Bitcoin, risk to the upside [and] not the downside. But I think five years out if Bitcoin’s not at $500,000 I’m wrong on the adoption cycle.”

The Galaxy Digital CEO says that in 2021, the adoption of Bitcoin occurred at a quicker price than web know-how did within the Nineties.

“We see an adoption cycle that accelerates. Bitcoin grew so much faster last year [and] crypto grew [more] than the internet did its best years in the 90s. I see this going viral everywhere. If it’s in the Middle East or in you know pension funds in the United States all getting ready to participate.”

Novogratz additionally says that the current choice by the United States and its allies to freeze the property of the Russian central financial institution after Russia invaded Ukraine would profit Bitcoin and different digital property.

“I believe we’re coming into a world that’s unknown, the place individuals are going to wrestle to determine ‘what is the reserve currency?’

The US isn’t going away, the greenback’s not going away. But it’s not going to be the only place. And so I believe you’re going to see this hodgepodge of property – gold, definitely digital property are going to be a part of that bucket.

The complete world’s not going to flip to Bitcoin in a single day. But you’re going to see increasingly more individuals say, ‘I wish to have a few of my cash outdoors of the sovereign.’”

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/WhiteBarbie/mim.lady

Related posts

Bitcoin’s Recent Price Action Could Cause Concern About This Popular BTC Thesis, According to Blockchain Researcher

Crypto Advisor

Shark Tank Star Kevin O’Leary Says This Nascent Sector of the Crypto Market Could Outshine Bitcoin

Crypto Advisor

Bitcoin Bottom In? Veteran Trader Peter Brandt Looks at Capitulation History of BTC

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,036.77 2.28%
ethereum
Ethereum (ETH) $ 1,343.13 1.77%
tether
Tether (USDT) $ 0.998881 0.31%
usd-coin
USD Coin (USDC) $ 1.00 0.03%
bnb
BNB (BNB) $ 268.05 0.91%
binance-usd
Binance USD (BUSD) $ 1.00 0.09%
cardano
Cardano (ADA) $ 0.460366 2.06%
xrp
XRP (XRP) $ 0.410236 8.09%
polkadot
Polkadot (DOT) $ 6.34 0.51%
solana
Solana (SOL) $ 31.94 1.89%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 2.78%
dogecoin
Dogecoin (DOGE) $ 0.059536 1.55%
staked-ether
Lido Staked Ether (STETH) $ 1,332.28 1.73%
matic-network
Polygon (MATIC) $ 0.741778 2.43%
tron
TRON (TRX) $ 0.060095 0.69%
dai
Dai (DAI) $ 0.999385 0.19%
avalanche-2
Avalanche (AVAX) $ 16.82 2.47%
ethereum-classic
Ethereum Classic (ETC) $ 29.38 1.82%
leo-token
LEO Token (LEO) $ 4.82 2.96%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,022.64 2.53%
uniswap
Uniswap (UNI) $ 5.39 2.49%
litecoin
Litecoin (LTC) $ 52.65 0.29%
cosmos
Cosmos Hub (ATOM) $ 13.90 9.97%
okb
OKB (OKB) $ 14.95 0.66%
ftx-token
FTX (FTT) $ 23.58 2.24%
terra-luna
Terra Luna Classic (LUNC) $ 0.000295 1.86%
near
NEAR Protocol (NEAR) $ 3.86 4.83%
chainlink
Chainlink (LINK) $ 6.96 4.21%
crypto-com-chain
Cronos (CRO) $ 0.104518 0.08%
monero
Monero (XMR) $ 142.87 1.47%
stellar
Stellar (XLM) $ 0.116599 4.65%
bitcoin-cash
Bitcoin Cash (BCH) $ 113.58 1.04%
algorand
Algorand (ALGO) $ 0.326789 3.54%
flow
Flow (FLOW) $ 1.70 0.23%
vechain
VeChain (VET) $ 0.022848 0.23%
eos
EOS (EOS) $ 1.34 4.27%
internet-computer
Internet Computer (ICP) $ 5.96 2.50%
filecoin
Filecoin (FIL) $ 5.35 1.87%
chain-2
Chain (XCN) $ 0.065715 5.16%
frax
Frax (FRAX) $ 1.00 0.33%
hedera-hashgraph
Hedera (HBAR) $ 0.058062 2.01%
decentraland
Decentraland (MANA) $ 0.713653 2.16%
apecoin
ApeCoin (APE) $ 5.81 0.06%
the-sandbox
The Sandbox (SAND) $ 0.853292 0.85%
tezos
Tezos (XTZ) $ 1.48 1.57%
quant-network
Quant (QNT) $ 102.67 4.27%
axie-infinity
Axie Infinity (AXS) $ 12.42 2.02%
aave
Aave (AAVE) $ 75.25 1.67%
lido-dao
Lido DAO (LDO) $ 1.82 0.04%
elrond-erd-2
Elrond (EGLD) $ 48.09 0.19%
theta-token
Theta Network (THETA) $ 1.05 0.29%
true-usd
TrueUSD (TUSD) $ 1.00 0.05%
chiliz
Chiliz (CHZ) $ 0.237654 4.62%
bitcoin-sv
Bitcoin SV (BSV) $ 49.11 0.47%
compound-usd-coin
cUSDC (CUSDC) $ 0.022652 0.01%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.04%
kucoin-shares
KuCoin (KCS) $ 8.98 0.82%
bittorrent
BitTorrent (BTT) $ 0.00000078559848 2.28%
ecash
eCash (XEC) $ 0.00004 1.64%
the-graph
The Graph (GRT) $ 0.098096 3.43%
iota
IOTA (MIOTA) $ 0.264673 1.38%
zcash
Zcash (ZEC) $ 54.14 2.16%
huobi-btc
Huobi BTC (HBTC) $ 19,009.83 2.08%
usdd
USDD (USDD) $ 0.999457 0.01%
huobi-token
Huobi (HT) $ 4.57 1.96%
evmos
Evmos (EVMOS) $ 2.51 4.87%
havven
Synthetix Network (SNX) $ 2.34 7.05%
cdai
cDAI (CDAI) $ 0.022069 0.06%
maker
Maker (MKR) $ 610.02 2.38%
bitdao
BitDAO (BIT) $ 0.484885 0.55%
klay-token
Klaytn (KLAY) $ 0.201247 0.67%
neutrino
Neutrino USD (USDN) $ 0.936507 3.27%
fantom
Fantom (FTM) $ 0.228912 1.13%
compound-ether
cETH (CETH) $ 26.72 2.42%
neo
NEO (NEO) $ 8.41 0.01%
helium
Helium (HNT) $ 4.80 1.18%
gatechain-token
Gate (GT) $ 4.18 0.48%
defichain
DeFiChain (DFI) $ 0.826073 1.77%
radix
Radix (XRD) $ 0.057024 1.86%
celsius-degree-token
Celsius Network (CEL) $ 1.45 3.46%
pax-gold
PAX Gold (PAXG) $ 1,659.65 0.66%
pancakeswap-token
PancakeSwap (CAKE) $ 4.40 1.72%
thorchain
THORChain (RUNE) $ 1.63 3.12%
osmosis
Osmosis (OSMO) $ 1.24 7.90%
zilliqa
Zilliqa (ZIL) $ 0.032122 0.67%
enjincoin
Enjin Coin (ENJ) $ 0.47863 1.59%
nexo
NEXO (NEXO) $ 0.880736 1.92%
arweave
Arweave (AR) $ 9.66 0.19%