Bitcoin rate will rise to $ 8000 in the near future, the forecast of Mike Novograc

Founder and CEO of Galaxy Digital, Mike Novograz, again announced the inevitability of the resumption of Bitcoin rally (BTC).

During an interview with Bloomberg TV in the middle of the week, the businessman again compared the largest cryptocurrency with the main precious metal and called Bitcoin “digital gold”. Novograz predicted an increase in the cost of Bitcoin to $ 8,000 in the very near future.

He stressed :

We had a fantastic bubble in 2017, and it still burst. Last year, everyone realized how painful such bubbles can be. The market fell by about 90%. However, in 2019 we are waiting for the restoration of the entire architecture of the cryptocurrency market.

Proof of the growing influence of the crypto market, according to the businessman, was the return of many major players in the cryptosphere and the beginning of investments in digital assets from the most prestigious American universities.

Now we are in the equilibrium zone at $ 3,600, and it is quite possible that this is the bottom of the market, Novograts believes. Now the resumption of growth is inevitable, so investors can now buy BTC .

The head of Galaxy Digital is confident that a fair rate of Bitcoin will soon become a mark of $ 8,000, and the coin will be able to achieve such an indicator without much difficulty.

Last weekend Novograts wrote on his Twitter page that he does not understand why the big players cannot invest at least 1% of their capital in Bitcoin. In his opinion, the presence of at least some of the savings in the form of cryptocurrency will be an excellent form of capital preservation.

Publication date 13.02.2019
Share this material on social networks and leave your opinion in the comments below.