Novogratz Predicts $20K Bitcoin in 2019 as Galaxy Digital Gets IPO Nod

Galaxy Digital CEO Mike Novogratz argued that institutional interest would push Bitcoin (BTC) price back to its all-time highs of $20,000 before the end of 2019. Novogratz delivered his comments in an interview with Bloomberg on July 25.  

Speaking about where Bitcoin price will be going by the end of the year, Novogratz recalled the coin’s significant move from $4,000 to almost $13,500, further projecting that the price will likely consolidate in the range between $10,000 and $14,000. Novogratz thus reiterated the prediction he made in late June.

He said that once institutions show increased interest in the cryptocurrency again, the industry will possibly see Bitcoin price pushing back to $20,000 by the end of 2019.

It is all about user bases

Galaxy Digital CEO also commented on Facebook’s long-awaited Libra stablecoin and Telegram’s forthoming token