RATE Group | Cryptocurrency Market Cap Will Hit $800 Billion in 12 Months: Novogratz
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Cryptocurrency Market Cap Will Hit $800 Billion in 12 Months: Novogratz

25 Jul Cryptocurrency Market Cap Will Hit $800 Billion in 12 Months: Novogratz

Posted at 03:25h in Cryptocurrency News by

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mike novogratz bitcoin

Mike Novogratz, bitcoin advocate and founder of Galaxy Digital, believes that the cryptocurrency market capitalization won’t reach $800 billion by the end of this year, as he previously predicted. However, the billionaire investor maintains that it will do so within the next 12 months.

Cryptocurrency Market Headed to $800 Billion in Calendar Year

In an interview with CNBC Africa’s Crypto Trader at the Beyond Blocks Conference in South Korea, Novogratz talked about the difference between the cryptocurrency market in December 2017 and now.

“I think we’ve pretty much bottomed. I’m not positive we’ve bottomed but it feels like we have. …But I do think that we are building a nice bottom for the next move up,” said Novogratz, adding that he believes that it will be accelerated after the addition of custody and better regulations.

When asked why Novogratz firmly believes in this theory, he explained that cryptocurrency is being adopted gradually. More people are…

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