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Bitcoin Bull Novogratz Reacts to “Massive” BlackRock News
Mike Novogratz, a well-known cryptocurrency mogul, has recently reacted to the recent news of BlackRock’s recommendation to include Bitcoin in a multi-asset portfolio. While some might have overestimated the significance of this decision, Nate Geraci, an ETF expert, clarified that it was not meant for all investors and also emphasized the volatility associated with Bitcoin.
Novogratz himself has made bold predictions regarding the future price of Bitcoin. He recently stated that if the US were to establish a strategic Bitcoin reserve, he believes the cryptocurrency could potentially surge to $500,000. Furthermore, Novogratz is convinced that Bitcoin will surpass gold in value over the next decade.
As Bitcoin currently trades at $99,624 after reaching an intraday high of $102,528 earlier today, it’s not hard to see why some investors might be getting excited about the prospect of a massive price increase.
Source: u.today
