End Of 2019 Could Be An All-Time High For Bitcoin's USD Price Says Michael Novogratz

After an impressive few months of bull run, Bitcoin’s charm finally seems to have slowed down. After reaching the highs of $13,500 after more than a year, the top crypto has slipped to $9,500 after massive sell-offs. However, this doesn’t seem to have affected Michael Novogratz’s, founder, CEO, and chairman of Galaxy Digital predictions as he says that BTC could hit an all-time high of $20,000 by the end of the year.

I’m hoping it doesn’t get down there, but if it does, it wouldn’t surprise me. And then I think as these institutions that have gotten excited again, maybe toward the end of the year – hopefully sooner – we push out of that range and we go back to the old highs of $20,000.

Mike had been defending Bitcoin for some time now. A few days earlier, on Twitter, when a user asked him if Bitcoin was on the way down to $100, he got defensive and replied:

“If $btc goes to $100, it is game over. IT WON'T. It's already established itself as a store of value. Stop wasting your time with these tweets and go outside and enjoy the summer. $btc is consolidating before its next move higher. Let it work for you.”

His firm has been doing well in recent days. They announced that FINRA has granted the business expansion of its broker-dealer. The approval permits Galaxy Digital Advisors to act as an underwriter to registered public offerings of equity, debt or other corporate securities in the United States which adds to its existing abilities to lead private placements of securities as a placement agent and to provide advice on mergers and acquisitions.

Bitcoin (BTC) Live Price

1 BTC/USD =$18,425.8806 change ~ -1.07%

Coin Market Cap

$341.54 Billion

24 Hour Volume

$10.01 Billion

24 Hour VWAP

$18.43 K

24 Hour Change

$-197.9582

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,274FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today