Galaxy Digital CEO Mike Novogratz, Bitcoin $107,041.02emphasized the transformation of the financial system and the future potential. Novogratz, crypto money is now adopted by traditional finance, a “macro asset” status has risen, and the unit price can reach $ 1 million by replacing gold. The skeptical approach of ten years ago was replaced by the serious interest of institutions and major investors. Bitcoin’s price mobility is now used by market participants.
Bitcoin’s rise as a macro asset
Mike Novogratz pointed out that Bitcoin’s position in the financial world has changed radically. The crypto currency is no longer a marginal investment tool, but a part of the mainstream. Traditional investors follow Bitcoin with built -in assets such as Gold, Silver and S&P 500 index.
This acceptance made the price volatility of crypto money more normalized. Fluctuations, which have been a great concern in the past, are now more common compared to traditional beings. This represents an important change in both individual and corporate investors’ perspective on Bitcoin.
The weakness of the dollar and the search for alternatives
Novogratz argued that the dollar depreciated in international markets and that it pushed investors to search for alternatives. He expressed his opinion that the US administration prefers to remain relatively weak of the dollar. This policy directs global investors to other currencies such as Euro, Japanese new and Australian dollars.
This tendency is also fueling the general interest in non -dollar assets. Bitcoin, gold, silver and platinum assets, such as the prominent alternatives in this environment draws attention. Novogratz emphasized that many macro -focused investment funds this year have gained significant gains from these assets.
The power of limited supply and corporate interest
One of the main driving forces of Bitcoin’s value increases is that its total supply is precisely limited by 21 million units. Novogratz said that some of this supply has been lost or inaccessible, so the amount of really circulating in the market has decreased over time. This famine creates upward pressure on the long run for price.
Corporate participation strengthens Bitcoin’s position as the accumulation and investment instrument of Bitcoin with the introduction of giant investment companies such as Blackrock. Novogratz predicts that if Bitcoin reaches the current value of gold in terms of market value, a Bitcoin’s price may rise to $ 1 million. However, it underlines that more corporate investors and new capital should be included in the market to achieve this goal.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
