Mike Novogratz Predicts Bitcoin to Rise to $500,000

by in Cryptocurrency News

Novogratz

Galaxy Digital CEO Mike Novogratz represents the so-called bitcoin bull camp. He periodically predicts that in the long term, the value of bitcoin will reach unprecedented heights.

This week, the billionaire announced the rise of cryptocurrency to $500,000. Moreover, in his opinion, this will happen much earlier than we expect.

Within the next three years, the price of the cryptocurrency will reach this shock mark as the global adoption of BTC accelerates.

Trending: El Salvador bought an additional 80 BTC amid a drawdown in the course

In 2025, we will see how the BTC rate will be in the region of $500,000 per coin. Already, we are seeing how institutional investors enter bitcoin, Novogratz emphasized.

Cryptocurrency is much more convenient than gold, and soon it will bypass the precious metal in terms of capitalization, the billionaire believes.

Bitcoin topped $41,000 tonight, but due to renewed sales, the coin retreated again, and it is now trading at $40,896.