The founder of the Galaxy Digital cryptocurrency Fund, Michael Novogratz, believes that after halving the reward for bitcoin miners, investors will continue to buy cryptocurrencies.
In a new interview on CNBC’s Fast Money program, Novogratz stressed that institutional investors continue to show interest in the first crypto currency.
“I expect that the buy-out will be for $8000 or $8500. We can see how very big money is interested in bitcoin. We see how very rich people, funds, invest in the first cryptocurrency. It seems that everyone is investing in it, ” Novogratz said.
Michael recalled how recently Paul Tudor Jones said that the first cryptocurrency is preparing for a powerful leap. Now institutional investors expect bitcoin to grow.
“Among other projects, Ethereum stands out. It really should be developed and used for transactions. Bitcoin is currently little used for payments, but in a couple of years users will come to the platform. Then there will be a wave effect, developers will come, coders will come, and users will come, ” said Michael Novogratz.
In March, Michael Novogratz said
that 2020 will be the year of bitcoin growth. It is possible that he will be right.