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Bitcoin Bull Novogratz Reacts to ‘Massive’ BlackRock News
Mike Novogratz, a prominent cryptocurrency enthusiast and founder of Galaxy Digital, has responded to the recent news from BlackRock, stating that it is “massive” for the crypto market.
In an interview with CNBC, Novogratz emphasized that he believes Bitcoin (BTC) could potentially reach $500,000 if the US establishes a strategic reserve. He also predicted that BTC could surpass gold in the coming years.
Novogratz’s prediction comes after BlackRock, one of the largest asset managers in the world, recommended adding Bitcoin to investors’ portfolios. While some might have misinterpreted this as an endorsement for all investors, ETF expert Nate Geraci clarified that it was specifically aimed at investors who want to include BTC in a multi-asset portfolio.
As you know, I am not surprised by BlackRock’s decision. In my opinion, the market is currently fueled by the growing demand for digital assets and the recognition of their value as an alternative investment class.
Source: u.today
