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.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
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.
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.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.