Cryptocurrency

Bitcoin exchange rate soon at 20,000 USD

Mike Novogratz is one of the most well-known Bitcoin expert in the Crypto-Space. If the former employee of Goldman Sachs and current CEO of Galaxy Digital with a Bitcoin exchange rate lodging forecast, the tips of many of the Crypto-Fans ears. In 2 recently published interview, the billionaire Investor is bullish now extremely. In short, Novogratz sees a Crypto Revolution to come, and predicted a “soon-to-be” Bitcoin exchange rate of 20,000 USD. However, as sage comes to its advance?

BTC and Crypto Revolution waiting in the wings

For years, Mike Novogratz, is an avowed Crypto-, but, above all, a Bitcoin Fan and certifies the entire range, but especially the number 1 BTC a bright future.

In a new Interview with Finance Magnates, Novogratz explains his point of view why he sees a Crypto-Revolution. This could be, in his opinion, so far-reaching that 8 out of 10 institutional investors will be invested in the next 5 years, in crypto-currencies. This of course would have a massive impact on the Bitcoin price:

Apart from the fact that Bitcoin is a substitute for Gold, is a digital Revolution underway, and the payments will shift with time. There will be a ‘crypto-Dollar’, as it is a ‘crypto-Yuan’ and a ‘crypto-Euro’ will be… I think each Portfolio is crypto included in the…
Even those who are not yet here, it is clear that it is inevitable that we will have at the end of a lot of Crypto Assets. It is a matter of time.

In order for this Crypto can thrive Revolution, of course, must be done on the part of the legislator a good Ragulation. While the United States scored here in the past, rather less to the efforts of most Nations, you can imagine Novogratz, the change at the top of the SEC will be positive for Crypto. He says in another Interview with CNBC.

Under the previous supervision of Jay Clayton, the SEC has rejected several proposals for a Bitcoin ETF. It is always speculated about whether such an ETF could open the gates for a massive Bitcoin rate increase.

Bitcoin exchange rate “soon” to 20,000 USD?

Just in relation to other countries, Mike Novogratz sees the USA in a tight spot, to be not of other Nations suspended:

China suggested, in fact, with Japan, Korea and Hong Kong, a regional crypto-currency, which is currency to your trading…
It is impossible for me to know that we have sometime no stable coins or crypto-versions of the dollar, a digital Version of the dollar, which are really to that with which we do business.

In spite of this, in principle, a very bullish attitude to crypto-currencies in itself, does not think Novogratz, that Bitcoin will ultimately replace the US Dollar. Nevertheless, the Bitcoin exchange rate could benefit in the short-term future is solid.

Here, Novogratz sees in addition to the just mentioned Crypto-Revolution and institutionalization, especially the Quantitative easing by the FED as a driver, the pumps in the Wake of the corona crisis even more money in the markets than before. Leaving him to his Bitcoin exchange rate forecast of up to 20,000 USD:

It will not surprise me if we reach $ 10,000, and then you will see 14,000 and $ 20,000.

In Bitcoin to invest – here it is made easy for you

You should be convinced of the value of Bitcoin and as a result of your own research, the decision to want to be in Bitcoin to invest, then you need 2 essential things:

A safe trading place and a good investment strategy.

It should be missing you in an investment strategy, then we recommend you take a look at the education article of Bitcoin to take place, in the you you 2 of the most efficient and at the same time the simplest investment to introduce strategies and using data to evaluate.

In Bitcoin Advisor, investing – learn the strategies the pros use and will self-Averaging to Dollar Cost Averaging vs. Dollar Value – What is the most profitable strategy? Here you will find out.

When it comes to a trading platform, we put you to the Test-winner of our exchanges-comparison of heart: eToro.

In particular newcomers in the field of crypto-currencies place a great value on a high level of comfort. At the beginning of the Setup of Bitcoin Wallets and the manual Sending of BTC may be acting as a deterrent. In such a case, it is advisable to start with a reliable, regulated Broker that you

trading with Leverage (2x),taking Long and Short positions,deposits via PayPal,the Sending of real Bitcoins in your Wallet andthe use of a wide range of trading tools,without a Download of any Software is necessary.

All of these benefits offers you the world’s leading Social Trading platform eToro.

Here you will benefit from a pleasant Design and easy and intuitive operation with customer service around the clock. Register today, without obligation, and try out all the features of the platform, without being forced to trade with real money.

75 % of private CFD accounts lose money. No EU investor protection.

(Image Source: Shutterstock)

The comments in this article do not represent any trading recommendations or investment advice.

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

Do NOT follow this link or you will be banned from the site!