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Novogratz: ‘BTC Will Return to $20,000 in 18 Months’

The popular and well-known Bitcoin bull, Mike Novogratz has recently said that he expects Bitcoin to bear its all-time high price within just 18 months. Novogratz made his comments during an interview with CNN.

During an interview, Novogratz also said that he believes that $6k is just a stall point and the next one will $10,000. On top of this, he expressed the belief that this time, other cryptocurrencies “aren’t going to go up nearly as quickly.”

The CEO of Galaxy Digital explained:

“The other coins, Ethereum being the next biggest, Ripple…they have to prove use case, right?”

Novogratz highlighted that out of all the elements currently on the periodic table, only “gold has store of value just because.” This is on the same lines as what he said earlier this year when he argued that Bitcoin occupies a unique place in the cryptocurrency landscape and it is “going to be digital gold, a place where you have sovereign money.”

As reported by CoinTelegraph:

“Novogratz then…

Read Full Story : Crypto Daily™

2019-05-13 11:30:00

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