Novogratz: Bitcoin Could Reach $ 100K By The End Of The Year

Galaxy Digital Cryptocurrency Founder Michael Novogratz stated that Bitcoin could reach $ 100K by the end of the year.

Michael Novogratz, who gave an interview to the Bloomberg channel, made some evaluations after the electric vehicle manufacturer Tesla announced that it would receive the payments in Bitcoin. The well-known investor and businessperson Novogratz stated that if more companies give their customers the opportunity to pay with Bitcoin, Bitcoin (BTC) could be $ 100,000. Following the $ 1.5 billion Bitcoin investment of Tesla, the US electric vehicle manufacturer, the value of the leading crypto currency exceeded $ 48,000, breaking a new record. In addition, Tesla announced that they will also provide customers with the opportunity to buy cars with Bitcoin. Novogratz said, “You will see that every company in America will do the same.” Stating that Tesla's CEO Elon Musk is a genius and he is listening to people and focusing on the interests of the new generation, Novogratz said: “The only thing that connects Bitcoin, Tesla, solar energy shares is that they are investing in generation Z” MicroStrategy Founder Michael Saylor also stated that the expansionary monetary policy followed by the FED has a role in cryptocurrency investment. However, it is also said that it is difficult for CFOs who do not want to take risks due to the volatility in the leading cryptocurrency Bitcoin. Michael Novogratz added: “Right now the richest man in the world is writing one of the greatest stories. Other CFOs and CEOs are asking “What should we do?”     This article is contributions of Bloomberg HT.