The founder and CEO of the investment company Galaxy Digital Mike Novograts said that he still believes in the growth of Bitcoin, but this will happen, in his opinion, not earlier than in a few months. He wrote about this on Twitter.
Realizing having tweeted about crypto in a while. It's a grind. Do not think about it. Always take longer for institutions to move. Very confident they will. Tons of activity under the hood. Stay the course.
– Michael Novogratz (@novogratz) February 1, 2019
“I understood that I had not spoken about the crypt for a long time. This is a race with obstacles. I do not think that we will go up for a few more months. Institutionalization is always a long process. I am convinced that they will come. There is a lot going on behind the scenes. Do not go astray, ”Novograc said.
The activity of large investors around Bitcoin is really happening, but for many people the process probably seems to be protracted. As it is known, the launch of the Bakkt platform, which was expected back in January, is still delayed, the platform for trading and storing cryptocurrency Fidelity Digital Asset Services is in the final testing stage, not approved by the Bitcoin ETF .
Nevertheless, Bakkt and Fidelity may be launched in the coming months, which is expected by many analysts to give a positive boost to the market.
Mike Novograz himself also said earlier that with the arrival of institutional investors in the market in the first half of 2019, Bitcoin has every chance of reaching new historical heights.
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