Bitcoin bull and CEO of Galaxy Digital Mike Novogratz has told CNN Business at the SALT Conference in Las Vegas that a Bitcoin recovery may just have started a trend that will see its price triple to its old all-time high price of USD 20,000 by 2021.
“Out of the rubble, bitcoin has popped back up,” said Novogratz, who was a former banker at Goldman Sachs. He iterated his belief that Bitcoin had already bottomed out and was unlikely to reach its lows of near USD 3,000 this year, unless something devastating happened, such as a huge hack from an exchange or an extreme negative shift in regulations. “It would take something like that to shatter this newfound confidence.
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