Mike Novogratz, one of the leading names in the crypto currency industry, believes that the Bitcoin price will continue to rise towards the end of the year.
Mike Novogratz, CEO of Galaxy Digital, recently gave an interview to Bloomberg and made some statements about current developments in the crypto-currency industry.
Novogratz believes that recent developments will have a positive impact on the crypto currency market and that Bitcoin prices will continue to rise in the next few months.
Benefits of Facebook
Novogratz thinks that the digital money project developed by Facebook is very important for the crypto money market. According to Novogratz, this project could increase the use of crypto currency worldwide.
Novogratz believes that the trade war between the US and China is another thing that makes the Bitcoin price rise. His explanations on the subject are as follows:
“The bitcoin price rises due to the trade war with China. It is rising because of political instability worldwide. Facebook also has an impact on this process. ”
Novogratz believes that all these developments are generally positive for the crypto currency market and that Bitcoin will continue to rise towards the end of the year. So much so that Novogratz believes that by the end of the year, we can see that the Bitcoin price has risen to $ 20,000 again.