Bitcoin is likely to exceed $100,000 by the end of the year - Novogratz predicts

Michael Novogratz, the founder and chief executive officer (CEO) of the crypto asset (virtual currency) investment company Galaxy Digital Holdings, expressed the view that Bitcoin may exceed 100,000 dollars by the end of the year in response to tailwinds from the US political environment, etc.

　　He said in an interview with Bloomberg TV on the 4th”If the value returns to 73,000 dollars in the next 2 weeks or so, it will be 100,000 dollars or more by the end of the yearHe continued, “That's a very likely target.”

　　Bitcoin hit a record high of $70,798 in March. Since then, it has not recovered to the same level.

　　However, Novogratz pointed out that the trend towards crypto assets has been shifting in a more positive direction over the past few weeks. In addition to the US Securities and Exchange Commission (SEC) paving the way for the start of future transactions of exchange-traded funds (ETFs) that directly invest in ether, donations to candidates promoting virtual currency are increasing in the political world.

　　What is the Bitcoin exchange rate”I think it's leaning upside” Novogratz said.