Cryptokoin.com - Bitcoin has been rising after consolidating under $ 10,000 for several months. At the time of writing this article, the leading cryptocurrency is trading at $ 11,000, which is about 20% higher than the price it was 7 days ago. According to a leading crypto investor and Wall Street legend, BTC will reach $ 20,000 by the end of the year.
Mike Novogratz: Bitcoin will hit $ 20,000 by the end of the year and rise in gold
Mike Novogratz, Galaxy Digital CEO, claims that Bitcoin will reach $ 20,000 by the end of 2020. In addition, Mike Novogratz said that he thinks that gold will continue to rise by looking at the "liquidity pump" implemented by the world governments and central banks. Mike Novogratz adds to his statements on the subject:
LARGE BUBBLES OVER END WITH POLICY MOVEMENTS. THE FED WILL NOT LIKE TO INCREASE THE RATIOS… THE LIQUIDITY STORY WILL NOT COME UP. WE WILL TAKE A GREAT INCENTIVE. BITCOIN WILL REACH UP TO 20,000 DOLLARS AND GET CONTINUED TO RISE GOLD.
Master investor: People focus on Bitcoin and gold
Mike Novogratz, a former Goldman Sachs partner, emphasizes that unlimited money pressure and other trends are causing people to focus on Bitcoin and gold. Mike Novogratz adds to his statements on the subject:
THIS INDIVIDUAL INVESTOR INTERESTED TO THE LARGE SHARE, TECHNOLOGY SHARE CERTIFICATES, BECAUSE THEY WERE MORE FUN TO THE GOLD AND BITCOIN. THERE IS A GOLDEN SELF-ADVENTURE GAME IN BITCOIN. BUT I LOVE TWO.
Famous names are ambitious: Bitcoin will see $ 20,000 by the end of the year!
Data in the option market tells another story. The above data was taken from the analysis firm Skew.com. These data show that traders believe that Bitcoin has a 4% chance to reach $ 20,000 by the end of this year. However, commentators such as Dan Morehead from Pantera Capital, Arthur Hayes from BITMEX and Mike McGlone from Bloomberg Intelligence said that BTC is likely to reach $ 20,000 by the end of the year.
