Main page News, Fintech, Bitcoin, Michael Novogratz, Future, Crypto Market, Cryptocurrency
Hot topic
25 May
75 75

In a recent interview with CNBC, Galaxy Digital CEO, Michael Novogratz, expressed his opinion that bitcoin (BTC) will unlikely be used as payment currency. Viceversa, according to the bitcoin bull, bitcoin will be some sort of a store of value in the digital ecosystem just like gold in traditional economics.

However, Novogratz admits that Facebook "is widely important for the ecosystem" since such sort of big companies are additional evidence that the world of crypto is becoming larger and wider.

Speaking about bitcoin's price, Novogratz thinks it [bitcoin] "can be worth a whole lot more than it is today."

Earlier, ex-hedge fund manager, formerly of the investment firm Fortress Investment Group at Ethereal Summit NY said that he doesn't see any token mania taking place again any time soon.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error
Close