Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin could rally by over ten times over in a new Bloomberg interview.
Novogratz says the king crypto will range for the rest of this year but will hit a six-figure price in five years as adoption of the flagship cryptocurrency grows.
“The whole year I thought we would be at $30,000 – $50,000 range in Bitcoin, risk to the upside [and] not the downside. But I think five years out if Bitcoin’s not at $500,000 I’m wrong on the adoption cycle.”
The Galaxy Digital CEO says that in 2021, the adoption of BTC happened at a faster rate than internet technology did in the 1990s.
“We see an adoption cycle that accelerates. Bitcoin grew so much faster last year [and] crypto grew [more] than the internet did its best years in the 90s. I see this going viral everywhere. If it’s in the Middle East or in you know pension funds in the United States all getting ready to participate.”
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