There is a possibility that by the end of March, the bitcoin rate will return to the $30,000 mark, Galaxy Digital CEO Mike Novogratz said at a Bank of America conference. RBC Crypto with reference to Bloomberg.
On the night of February 16, the bitcoin rate updated its maximum for six months and exceeded $24.7 thousand.
Novogratz predicted that Bitcoin would rise to $500,000 in 2024, but in December 2022 he revised this forecast. He said he still expects that mark to be reached, but “not in the next five years.” Then he accused the Chairman of the Federal Reserve System (Fed) Jerome Powell of raising interest rates, which he also spoke about on February 15.
The head of Galaxy Digital is a longtime supporter of cryptocurrencies and bitcoin in particular. Back in 2018, an investor said that digital money and blockchain would radically change the Internet, and the value of coins would increase dramatically after institutional investors entered the industry. At the same time, he predicted the growth of the total market capitalization of cryptocurrencies to $20 trillion.
In July 2020, when bitcoin was worth about $10,000, Novogratz said that by the end of the year, the rate of the first cryptocurrency would rise to $20,000. In mid-December 2020, BTC overcame this mark for the first time.
Source: Cryptocurrency
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