According to BitJournal, the billionaire and legendary investor of Wall Street, the head of Galaxy Digital shared his opinion that in 2019, the rate of the world’s first cryptocurrency, Bitcoin, will exceed $20 thousand again .
Mike Novogratz answered, before BTC overcomes a new psychological mark, it must exceed $6.8 thousand in price. This will also affect the growth of trading volume. Novogratz assures that BTC will finish 2018 at a price of $8.8- $9 thousand.
This forecast is more realistic than the previous one, in which Mike said that the price of BTC at the end of December 2018 will be at around $10,000. The investor shared that BTC will reach a five-digit price in the first quarter of 2019, and then “will go back to new highs”.
The billionaire notes that the immobility of the rate will end when regulatory uncertainty is eliminated and interest from institutional investors will rise.
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