Crypto Billionaire Michael Novogratz Says Bitcoin Will Surge Above $100,000 This Year
I tend to agree will this Bitcoin prediction by Michael.
He told Bloomberg TV that political pushback is on the decline, a positive for crypto, and Bitcoin could break past $100,000 by the end of this year as political roadblocks come down.
"If we take out $73,000 in the next week or so, we're gonna end the year at $100,000. Somewhere around there or even higher," the crypto enthusiast said on Tuesday. That indicates a 40% gain from Wednesday's price $71,500.
As for why, Novogratz said that in past weeks, he's been waiting for two things to catalyze a fresh rally for bitcoin.
"More regulatory clarity, which I thought was a low probability at that point, and/or the Fed starting to move. We're getting the regulatory clarity," he said "And even though it's not perfect, we got enough that people now realize this is coming."
Although it remains a developing tailwind, there are clear signs that the government is changing its tune toward the industry.
This is a good insight for the forward looking investors on Bitcoin, nevertheless always think deep and do your research before you take any investment step. Follow me for more developments.
