Mike Novogratz, CEO of Galaxy Digital, believes Bitcoin (BTC) will increase tenfold over the next half-decade.
In a new Bloomberg interview, Novogratz predicts that Bitcoin’s price may fluctuate for the remainder of the year but will reach a six-figure level in five years as the flagship cryptocurrency’s usage expands.
“I predicted that Bitcoin will trade between $30,000 and $50,000 this year, with a risk to the upside rather than the downside.” But I believe that if Bitcoin isn’t at $500,000 in five years, I’m mistaken about the adoption cycle.”
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