With the Bitcoin price continuing to test support at around $ 19,000, Galaxy Digital founder and CEO Mike Novogratz recommended keeping the most famous and largest digital currency by market value Until 2025.
In an interview with Yahoo Finance Live published on Wednesday, Novogratz said the current Bitcoin (BTC) rally is being fueled by prominent institutions and investors slowly entering the industry.
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and cited companies like PayPal and Squire that embrace digital currencies, as well as billionaire Stanley Druckmiller, who recently indicated that digital assets may be more worthwhile than gold.
"Bitcoin has become one of the total assets to hedge against the devaluation of the fiat currency here in the US and abroad ... everyone should put 2% to 3," Novogratz said. % Of their Bitcoin net worth and looking at it in 5 years, it will be much more.
The CEO also stated that he believed the volatility of digital assets would remain, but found that it was unlikely that Bitcoin's price would fall below $ 12,000 again.
last week, in a response on Twitter to English actress Maisie Williams, Novogratz said Bitcoin would eventually reach $ 65,000 due to a combination of low supply and tons of buyers. Neo.
In 2018, Novogratz founded Galaxy Digital, a major venture capital company for cryptocurrencies. Today, it is recognized as one of the largest investors in cryptocurrency and blockchain.
The CEO has often been optimistic about the Bitcoin price, predicting that the asset will reach $ 20,000 by the end of the year.
