Veteran Wall Street trader and billionaire Novogratz predicted that Bitcoin will reach $500,000 in the next 5 years.
Bloomberg Crypto Summitspeaking in Novogratzshared his views on Bitcoin. Bitcoin in the next five years 500 thousand dollars Novogratz, who predicts that it will reach increased adoption by people and Bitcoin’s extraordinary features showed.
According to Novogratz, the factor that makes Bitcoin stand out is its unique features. The statements of the billionaire, who mentioned these features in his speech, are as follows:
Bitcoin has a system specifically designed to be an anti-inflationary store of value. Plus its ability to easily transfer money makes it better than gold in many different ways.
Former macro investor Novogratz debt-driven global financial systemthat it attracts rising inflation and that Bitcoin to fight inflation He stated that he could act as a protection.
Novogratz last month that the economy really entered a rapid recession had emphasized. USA, June per month highest rate recorded in the last 40 years with 9.1%reported inflation data. Although billionaire Novogratz describes Bitcoin as a means of fighting inflation, Bitcoin is still at an all-time high (ATH). At $68,789 since 65% exhibited a decline.
In the final part of his statement to Crypto Summit, he said that the cryptocurrency market that your worst days are finally behind also stated.