The rise of Bitcoin will begin with the arrival of major investors in the coming months

According to the head of Galaxy Digital, Mike Novograz, the cryptocurrency market still retains huge prospects and will grow due to the arrival of large investors.

Businessman posted another post on Twitter, which once again spoke of the inevitability of regrowth Bitcoin and altkoinov.

Novograts stressed :

“I don't think we will go north for a few more months. Institutional investors always need a lot of time to start moving, but I am sure that they will start it. Now there is a huge amount of activity from the inside. Do not leave the course, ” Novograts wrote on his 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

The statement of the founder of the cryptocurrency bank Galaxy Digital is true – the Bakkt platform is still being developed, the US Securities and Exchange Commission has not yet approved the application for Bitcoin ETF filed by VanEck and SolidX, and the Fidelity cryptocurrency solution is just completing testing.

Still, Novograc is confident that large investors from Wall Street, world banks and the richest people in the world will start coming into the cryptocurrency industry . Moreover, according to the former partner of Goldman Sachs, many processes are now under way "under the hood" of the industry.

Earlier, Mike Novograz noted that Bitcoin is unlikely to fall even lower. In his opinion, in the foreseeable future, the rate of the first cryptocurrency is likely to fluctuate between $ 3,000 and $ 6,000.

Publication date 03/02/2019
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