Wealthy Baby Boomers One Step from Crypto, Says Novogratz
Main page News, Michael Novogratz, Crypto Market

Wealthy baby boomers are about to enter the cryptocurrency market, said Mike Novogratz, Founder of Galaxy Digital. According to Reuters, Novogratz believes that cryptocurrencies will become more mainstream for this generation, bringing "billions of dollars" to the industry.

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Novogratz thinks the young generation might get "trillion dollars over the next year" from that giant group of wealth. He also believes smart money will start coming "in early next month." One of the reasons why financial institutions want to buy bitcoin (EXANTE: Bitcoin) is continuing quantitative easing, the Galaxy Digital founder noted.

Tesla Adds BTC As Payment Method

Novogratz said earlier that every company in America will buy BTC after Elon Musk's company Tesla put $1.5 billion into the cryptocurrency The Bitcoin bull says the size of investments does not matter, but the messaging does.

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