The Director General of Galaxy Digital, Mike Novogratz, believes that the market capitalization of Bitcoin (BTC) and Crypto will eventually catch up with the evaluation of an asset.
In a new CNBC interview, the billionaire said that crypto correction earlier this year is largely due to an overexuboring investor feeling as well as the launch of speculative active ingredients, including the Memecoin Trump (Trump).
But Novogratz notes that the markets needed the correction to refresh itself and prepare the ground so that bitcoin and crypto increase to new peaks of all time.
“”We had an euphoric inauguration (Trump) and a combination of many things: Trump corner and so on…
Crypto returned and tested where the electoral rupture (presidential American) was. Now it seems that we are withdrawing $ 106,000, $ 107,000, $ 108,000 and that we earn $ 130,000, $ 150,000. »»
In a zoom out, Novogratz believes that Bitcoin and Crypto will attend a massive increase in market capitalization over time and the current Gold assessment of around 22 billions of dollars.
“And at that time, you are discovering prices. I continue to think that gold is an asset of 22 billions of dollars and that the crypto is an asset of 2 billions of dollars. And at one point, because more and more young people inherit money from the elderly who embrace the face of God, you will see the crypto with equality of gold and it’s a long way from here.”
Last year, the billionaire said that millennials, who inherit the greatest transfer of wealth in history, are more likely to invest in digital assets than their parents or parents boomers.
The great transfer of wealth will give 90 billions of dollars of active millennials over the next 20 years, according to the wealth report of the world real estate consultancy Knight Frank.
At the time of writing, Bitcoin is negotiated at $ 103,137.
https://www.youtube.com/watch?v=KXZV_U8V1HC
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