The chief executive officer of Galaxy Digital shared his opinion on the future price of Bitcoin and confirmed that Bitcoin is better than gold.
Mike Novogratz is the chief executive officer of Galaxy Digital. In 2017, Mike was holding 20% of his net worth in cryptocurrencies like Ethereum & Bitcoin. Galaxy Digital company also focuses on investing in the best cryptocurrencies. In 2022, Mike also supported the Terra (Luna) project, which collapsed in May of this year under extreme volatility.
On 19 July, eMoney Financial reported that, Speaking at the Bloomberg Crypto Summit, Galaxy Digital CEO said that there is no doubt that Bitcoin will touch a $500k price in the next 5 years because bitcoin is unique because of its better use case features.
Mike explained that Bitcoin is much better than gold because as a store of value we can transfer easily unlike Gold.
“(Bitcoin) tailor-made to being an anti-inflation store of value,” as well as being “easily transferable and so it’s better than gold in so many ways.” the billionaire said.
Bloomberg’s Misyrlena Egkolfopoulou and Sonali Basak also reported that Mike said that the current situation in the crypto market happened because of the “full-fledged credit crisis”.
“What I don’t think people expected was the magnitude of losses that would show up in professional institutions’ balance sheets and that caused the daisy chain of events. (…) It turned into a full-fledged credit crisis with complete liquidation and huge damage to confidence in the space.” Mike said.
Terra collapse & Mike Novogratz
The whole Crypto industry knows that Mike Novogratz supported the Terra project as an innovative project but the collapse of the Terra project resulted in huge criticism for those who supported Terra, including Mike Novogratz.
On 20 May, Galaxy Digital CEO responded officially through an open letter to the community to share his point of view on the collapse of the Terra ecosystem.
Mike said that “My tattoo will be a constant reminder that venture investing requires humility.” Billionaire admitted that the collapse of the Terra ecosystem resulted in huge panic for other crypto sectors like Defi but here it doesn’t mean that the crypto industry is going downside.
Read also: Now Dogecoin will have newly redesigned website
Bitcoin will touch $500k in next 5 years, says Mike Novogratz
ETH-ERC20 Mining and Financial Management
✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.
The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:
✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY
✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY
✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY
✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY
✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY
✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY
✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY
📌 You must open wallet (Metamask, Tronlink e.t.c. ) and connect it, for earning income
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.