Mike Novogratz Predicts Deadlines For New Bitcoin Rally

Mike Novogratz, the head of Galaxy Digital, a crypto-trading bank, is sure that institutional investors’ attention to digital assets will push Bitcoin to growth in the next 6–24 months.

The billionaire admitted that he was in a hurry, trying to attract institutionalists to the digital asset market three years ago. However, now, in his opinion, an excellent moment has come for a new attempt:

“Galaxy can continue to invest in cryptocurrencies and other business areas, but the real core of our offer is serving institutional customers. If they don’t come, then with luck we are all bad,” said Novograts. Also, the businessman is confident that the measures taken by the Fed to support the economy will affect the price of the coin.

“In the week after the crisis began, the Fed printed more dollars than for the entire period 2008–2009,” Novogratz claims. By this, he confirmed his April forecast, in which he noted that government anti-crisis measures make Bitcoin attractive to investors in the long term as a non-inflationary asset.