More and more investors perceive bitcoin as a tool for hedging inflationary risks. They try to buy cryptocurrency to secure their savings.
We are witnessing a qualitative shift in the minds of people who were previously skeptical of BTC, Galaxy Digital CEO Mike Novogratz said on CNBC.
The billionaire talked to reporters last Monday, that is after Bitcoin was unable to gain a foothold above $ 60,000. Today, the cryptocurrency is trading at $ 56,600. Over the past 24 hours, the capitalization of BTC has decreased by more than 5% to $ 1.055 trillion.
Novogratz stressed that BTC has repeatedly demonstrated very good performance in comparison with other assets. However, the attitude towards this instrument among many financiers remains negative. They believe that Bitcoin will crash. which is an ordinary pyramid.
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Thanks to the measures of the US authorities that print money, attitudes towards bitcoin are gradually changing.
Money is depreciating and the attractiveness of an independent instrument like BTC is growing. Very soon we will see how young people who received financial assistance from Joe Biden will begin to buy bitcoins en masse.
This trend will inevitably provoke the next phase of growth in the value of the cryptocurrency, the CEO of Galaxy Digital predicts.