Bitcoin at $100,000? Novogratz predicts bright future for cryptocurrencies thanks to favorable political change

Mike Novogratz, a titan of the cryptocurrency world, has made a bold prediction: Bitcoin could reach $100,000 or more by the end of the year. This optimistic prediction is based on a positive change in the US political environment towards cryptocurrencies.

A change of wind in Washington: In recent weeks, there has been a notable shift in sentiment towards cryptocurrencies in the US. The Securities and Exchange Commission (SEC) has taken steps to approve Bitcoin ETFs, donations to candidates pro-cryptocurrencies have increased and even presidential candidates are competing for their positions on the issue.

Novogratz sees a bright future: "I think we are in an upward trend, we have reached an inflection point," stated Novogratz. "DC has finally agreed in principle that cryptocurrency legislation must pass, and that it must be bipartisan."

Not everything is rosy: However, not all recent events have been positive. President Biden vetoed a guide known as Personnel Accounting Bulletin No. 121, which has drawn criticism from the banking industry since its publication in 2022. Banks argue that it prevents them from offering services to hold digital assets for their clients due to high associated costs.

What does the future hold? Despite this obstacle, Novogratz remains optimistic about the future of cryptocurrencies. His prediction of a $100,000 Bitcoin by the end of the year is based on growing adoption and political support.

Are you ready for the next wave of cryptocurrencies?

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