Macro Trader Novogratz Sees 40k BTC. Theres a reason Satoshi Nakamoto reached out to Back (and Wei Dai) first in starting up Bitcoin. Businesses all around the world, including small shops and merchants, are adopting bitcoin and other currencies as a means of payment. That means as more investments pour into BTC, its price will likely continue to see upward pressure because there will be no supply response.
Bitfinex, btcusd, bitcoin /.S. About that, he is convinced that the cryptocurrency is the future and that the virtual currency market will gain its place among fiat currencies. Jeet Signh An important portfolio manager that worked for more than six years in the cryptocurrency world, predicted this year that Bitcoin could reach 50,000 dollars. Going much more long-term, Novogratz said it was within the realm of possibility that the bitcoin market cap could one day reach the current market cap of gold, which is around a whopping 8 trillion USD.
During an interview with cnbc he said: So if you look at a 100 billion market cap today, now last week it might have been more like 200, so its actually a buying opportunity, we think that theres a potential appreciation of 30. According to him bitcoin and blockchain technology are one of the best things that happened for businesses. He commented during an interview with Bloomberg. In the past, Bitcoin suffered important corrections in just a few days. Last year everyone was going bonkers for. And so a lot of people are starting to se that, they recognize the store of value properties.
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