đ±đ„Galaxy CEO Novogratz: 85 trillion worth of wealth was opened to Bitcoin
Galaxy Digital CEO Mike Novogratz said in a post he attended that Bitcoin may make "insignificant" corrections, but he thinks the price will be much higher than this level by the end of the year. "The older generation, which has a fortune of $ 85 trillion, will now buy #Bitcoin much more comfortably thanks to ETFs," Novogratz said.
Mike Novogratz, CEO of Galaxy Digital, which has launched a joint Bitcoin spot ETF with Invesco, said that he thinks Bitcoin will easily surpass the record price level in the coming period.
Participating in a broadcast from the US media on Bloomberg TV, Novogratz noted that access to Bitcoin is now much easier, especially for the older generation, known as âboomerâ.
"The elderly who are waiting for confidence will be more comfortableâ
Stating that this group has been waiting for government guarantees to buy Bitcoin for a long time, the famous investor said that such a situation has happened for the first time in the history of Bitcoin:
For the first time in the history of Bitcoin, we are experiencing a period of price discovery. So for the first time people had very easy access to Bitcoin. some of the older generation, who have $ 85 trillion in assets, will now be more comfortable with Bitcoin. They had been waiting for a safe place for a long time.â
"Some drops may be seen for some time. For example, it may fall to 55 thousand dollars, but I think we will finish this year much higher than this price. Corrections happen all the time. I'm not expecting a big drop, though. We are not in such a period. As I said, if the older generation, which has an 85 trillion dollar fortune, invests only 1 to 3 percent of it in Bitcoin, it can bring a big rise. The value of this ratio is close to $ 2.5 trillion. I think the record will be broken soon too.â
