Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 482: BITCOIN IS HEADING TO $500K SAYS GALAXY DIGITAL’S MIKE NOVOGRATZ - HERE’S WHEN!! BTC HITS NEW ATH!!

482: BITCOIN IS HEADING TO $500K SAYS GALAXY DIGITAL’S MIKE NOVOGRATZ - HERE’S WHEN!! BTC HITS NEW ATH!!

Published: Feb. 14, 2021, 3:05 p.m.

Mike Novogratz, CEO of crypto management firm Galaxy Digital, is revealing when he thinks Bitcoin will hit his target of $500,000.

In a discussion with Michael Saylor on the WORLD.NOW event hosted by MicroStrategy, Novogratz proposes that Bitcoin will continue to perform well, more so as a store-of-value asset rather than as a currency.

“I think we’ve hit a tipping point in this network effect I talked about, and my base case is: if I look at Bitcoin as a percentage of gold, I think Bitcoin is going to be digital gold. I know a lot of people disagree with me. They’ll think, ‘No, it going to be money. It’s going to be the blockchains of all blockchains,’ I just don’t think so. I think it’s got a beautiful lane as a store of value. It was perfectly designed as a store of value.”

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