Galaxy Digital Chief Executive Mike Novogratz believes that the market capitalization of Bitcoin (BTC) and Crypto will ultimately catch up with the appreciation of one rising assets.
In a new CNBC interview, the billionaire says that the correction of Crypto is largely due to an overexuant investor sentiment earlier this year, together with the launch of speculative assets, including the official Trump (Trump) memecoin.
But Novogratz notes that the markets needed the correction to cool down and determine the stage for Bitcoin and Crypto to rise to new all-time highlights.
‘We had a euphoric at the top of the neighborhood [Trump’s] Inauguration and a combination of many things: Trump Coin and Zo …
Crypto went back and tested where the [US presidential] election outbreak was. Now it seems that we will eliminate $ 106,000, $ 107,000, $ 108,000 and earn the next $ 130,000, $ 150,000. ”
Novogratz zooms out that over time Bitcoin and Crypto will witness a huge increase in market capitalization of a huge increase in the market and the current appreciation of around $ 22 trillion.
“And at that moment you are in price detection. I keep thinking that gold is an assets of $ 22 trillion and that crypto is an asset of $ 2 trillion. And at one point, as more and more young people inherit the money from old people kissing the face of God, you will see crypto immediately and that is a long way from here.”
Last year the billionaire said that the Millennials, who have to inherit the greatest transfer of wealth in history, are more inclined to invest in digital assets than their Boomer parents or family members.
The Great Wealth Transfer will hand over $ 90 trillion to assets to Millennials for the next 20 years, according to the global real estate agency Knight Frank’s 2024 Wealth Report.
At the time of writing, Bitcoin acts for $ 103,137.
https://www.youtube.com/watch?v=KXZV_U8V1HC
Generated image: midjourney