During a recent podcast Unchained Mike Novogratz, founder and CEO of Galaxy DIgital, gave his assessment of price movements of bitcoin.
Although many people believed that halving will be the main catalyst for growth of the cryptocurrency market, at the moment, its impact seems to be minor one.
Novogratz suggested that the financial crisis and the slow adoption of the technology inhibit the growth of the first cryptocurrencies. He acknowledged that the problem of mass adoption will long remain relevant, but added that the price of $14000 will be reached “unexpectedly”.
When bitcoin breaks $10,000 or $10200, it will soar to $14000 a lot faster than everyone expects.
Earlier, Novogratz said that 2020 will be the “year of bitcoin”.
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