Mike Novogratz Predicts a 1,100 Percent Increase in Bitcoin (BTC)

Mike Novogratz, CEO of Galaxy Digital, believes Bitcoin (BTC) will increase tenfold over the next half-decade.

In a new Bloomberg interview, Novogratz predicts that Bitcoin’s price may fluctuate for the remainder of the year but will reach a six-figure level in five years as the flagship cryptocurrency’s usage expands.

“I predicted that Bitcoin will trade between $30,000 and $50,000 this year, with a risk to the upside rather than the downside.” But I believe that if Bitcoin isn’t at $500,000 in five years, I’m mistaken about the adoption cycle.”