Novogratz Announced The Date That Bitcoin Will Be $ 500,000!

Novogratz announced the date that Bitcoin will be $ 500,000! The famous CEO made new statements about Bitcoin.

Michael Novogratz, CEO of Galaxy Digital, a cryptocurrency management firm, shared his new evaluations about Bitcoin (BTC), the leading unit of the cryptocurrency market. Prominent CEO Novogratz suggested that Bitcoin would be $ 500,000. Novogratz talked about his ideas on Bitcoin in a discussion with Michael Saylor at WORLD.NOW event organized by MicroStrategy. Saying that Bitcoin is a storage of value rather than a currency, Novogratz explained that its performance will improve because of this.   "An Excellent Storage of Value ..." Michael Novogratz explained his ideas about Bitcoin in the following words: “I think we have come to a turning point in this network effect that I'm talking about. My basic point of view is that. If I look at Bitcoin as a percentage of gold, I think Bitcoin will be digital gold. I know many people disagree with me. They think it must be a lot of money. They say blockchains will be blockchains. But I don't think so. I think it has a good lane as a storage of value. It turned out to be an excellent.”   When Will Bitcoin Become $ 500,000? Famous CEO Novogratz says that while he has set a target of $ 500,000 for Bitcoin, it could happen in a period of three years. Novogratz states that he believes that Bitcoin, which he said will gain more than 10 times in value during this period, will continue to capture the market value of gold at $ 10 trillion. The famous CEO explains the situation as follows: “What percent of the market value is gold? It is about 6 percent. I think we will be at 10 percent by the end of the year. So the BTC price will be between $ 55,000-60,000. I know, when it reaches 10 percent, it comes out in other percentages. 20 percent, 30 50 and 100 percent. The price will be very different.” Stating that he has an expectation of $ 60,000 at the end of this year, Novogratz continues: "Around 2024-2025, BTC will be $ 500,000. Of course, these numbers will not happen overnight. On the other hand, it will be with more and more training, more seminars like this one. Also, such a price could be realized as more and more communities adopt the idea.”     At the time of writing, 1 Bitcoin is worth $ 48,818.70.