Galaxy Digital CEO Mike Novogratz, Bitcoin $105,082.05He added that with the increasing adoption of corporate investors, there may be an important rise in the price. In an interview with CNBC, Bitcoin is now accepted as a “macro being such as gold or silver. Novogratz said that many different types of investors in this process are included in the market and that this accelerates the adoption of Bitcoin.
The role of institutions and large investors
According to Novogratz, Bitcoin’s fixed supply structure and increasingly adding to more institutions ‘portfolio attracts more investors’ attention. Famous CEO, stating that the process has reached an important breaking point, Blackrock began to support Bitcoin, stressed that the process of accelerating slowly.
Previously, access to Bitcoin for corporate investors was seen as challenging, while the latest developments, treasury companies, dominant asset funds and individual investors began to enter the market. The fact that the institutions larger from different parts of the world are included in Bitcoin purchases lead to assessments that the asset strengthens its place in the financial system.
Comparison of Bitcoin and gold
Mike Novogratz suggested that Bitcoin will see more value by young generations in the long run. Especially the claim that gold, which is traditionally defined as a means of value storage, could be replaced by Bitcoin over time, came to the fore. Novogratz argues that Bitcoin has a major growth potential in front of Bitcoin, compared to the total market value of gold and the market value of Bitcoin.
“In time, young people attach more importance to it. Thus, gold slowly changes with Bitcoin. When the market value of gold and the market value of Bitcoin are compared, there is a lot of way to go – 10 times. This means that Bitcoin will reach $ 1 million. – Mike Novogratz
Bitcoin’s current price is $ 105,662. However, Novogratz’s estimates; It indicates that market dynamics can be moved much higher than this amount, especially with the influence of young generations and corporate investors.
Factors in Bitcoin’s spread
Recently, access to Bitcoin has become easier, increasing the interest of individual and corporate investors. The development of new products and investment alternatives, especially in the financial sector, positively affects the acceptance of the asset. In addition, improvements in the regulatory framework increase confidence for investors.
Many experts think that digital assets with fixed supply, such as Bitcoin, can offer an alternative saving tool against macroeconomic uncertainties. Therefore, it seems likely to adopt these assets by a wider audience in the coming period.
In the current market environment, there are different opinions about how Bitcoin can be a value -storage tool in the long run. However, the fact that more various investor types are included in the market may be decisive in price stability and similar factors.
Bitcoin’s growth potential is shaped in line with both technological developments and trends in financial markets. However, it is important that investors take into account risk factors such as volatility and regulation. Experts suggest careful research while making investment decisions.
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.
