Cryptocurrency industry one of the key figures Galaxy Digital CEO Mike Novogratzleading cryptocurrency bitcoin announced its five-year goal for
“New Target For Bitcoin: $500,000!”
Interviewing Bloomberg Crypto, Novogratz said: of bitcoin He said he predicted he would reach $500,000 in five years.
Reminding that Bitcoin experienced very rapid growth last year, the famous CEO said, compared to Bitcoin’s performance this year last year. of the FED He stated that it will continue to be traded within a certain range with the interest rate hike decisions.
“I don’t think Bitcoin can recover aggressively until we take a pause.”
Novogratz in speeches earlier this year of bitcoin He said he predicted it would be in the range of $30,000-$50,000 in 2022.
Novogratz stated that investors are re-evaluating the risks they take with the start of the Russia-Ukraine war with the FED tightening. “Bitcoin is a narrative story, bringing people to the crypto community. But it’s very difficult to bring in new people when their houses are on fire.” said.
“No Chance of Russians Using Cryptocurrency!”
Sharing his thoughts on Russia’s invasion of Ukraine, Mike Novogrtaz said that the war between the two countries increased the volatility of the cryptocurrency market.
“The chances of the Russian government and citizens using cryptocurrencies to circumvent sanctions are zero.”
Mike Novogratz said in every program he attended that Bitcoin would reach $100,000 in 2021, but he was unsuccessful in this goal.
bitcoin We will be following whether Novogratz, who announced his five-year target for the company, will be successful in this target.
*Not investment advice.