Galaxy Digital CEO Mike Novogratz believes that Bitcoin has already become an integral part of the global financial market. The impending risks that were associated with investing in BTC have decreased significantly.
The businessman and BTC supporter expressed his point of view on Twitter, highlighting that the first digital currency is becoming a less risky asset by the day.
Mike Novogratz has previously posted Twitter posts recognizing the untapped potential of Bitcoin. He has also expressed the hope that large investors will eventually “discover” the cryptocurrency. Whenever institutional capital begins to massively flooding BTC, the value of this asset will skyrocket to a historic high.
Furthermore, Novogratz previously predicted that by the end of 2020 or early 2021, Bitcoin will once again reach $20,000 and probably go higher.
There are many analysts and traders who share the Galaxy Digital CEO’s point of view. In their opinion, the likelihood of a repeat of the bull run from three years ago is now quite high. If BTC breaks above the $14,000 mark, then this year BTC will be able to test values at the $20,000 level.
