Exciting Bitcoin Prediction from Famous Entrepreneur!

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Crypto advocate and investor Mike Novogratz made another bold Bitcoin price prediction.

The founder and CEO of Galaxy Digital stated that he expects the Bitcoin price to reach $30,000 by the end of March.

Speaking at the Bank of America conference on February 15, Novogratz said:

When I look at the price action, the excitement of the customers, the FOMO that has formed, it wouldn’t surprise me if we were at $30,000 by the end of the quarter. And just six weeks ago I would have given both my shoes for that to be true.

Bitcoin saw its biggest daily gain in more than a month, with a massive 12% increase in the last 24 hours.

Bitcoin Will Reach $500,000 in Five Years

BTC only needs to rise 21.5% from current levels to reach Novogratz’s price prediction.

Koinfinans.com As we reported, the venture capitalist has been on the rise in Bitcoin before and predicted that prices will reach $ 500,000 for one BTC in 2024. He sees the asset still reaching this level but within the next five years it is quite difficult.

Exciting Bitcoin price prediction from the famous entrepreneur

He blamed the Federal Reserve’s rate hikes for the extended forecast.

“It’s President Powell who makes me doubt that we can return to explosive, old highs this year. He’s really doing what he says he’s going to do, and I don’t see the Fed turning around and cutting it anytime soon.”

Higher interest rates make cash a more attractive investment for passive income. In addition, the threat of recession still remains, which means less disposable income to spend on high-risk assets like crypto.

The latest big move towards Bitcoin has boosted market sentiment amid regulatory debates from the US. The fear and greed index is currently recorded at 62, which is in the greed zone.


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