Mike Novogratz thinks cryptocurrency market capitalization will reach $ 20 trillion

Mike Novogratz thinks cryptocurrency market capitalization will reach $ 20 trillion

Billionaire Mike Novogratz Predicts a $20 Trillion Crypto Market – HODL!

At the Bloomberg Invest summit, Mike Novogratz said that after the correction, the crypto market will surpass last year’s highs and can reach a capitalization of $ 20 trillion.

According to him, the market situation should change dramatically in mid-2018, when there will be a rebound, followed by continued growth. The billionaire notes that record figures will not be achieved immediately. He predicts that large funds, seeing the adoption of the Goldman Sachs cryptocurrency and the presence of the Bloomberg index, will gradually begin to enter the market one by one..

News and significant investments will cause the so-called «lost profit syndrome», which will attract all new institutional organizations. Mike Novogratz clarified that during last year’s jump, the big players practically did not participate, so they will not miss the next serious growth. He considers cryptocurrency to be a global revolution that has already spread to all countries and «bubble» it can be named only when capitalization exceeds $ 20 trillion.

Recall that analysts predict a twofold increase in the bitcoin rate.

Mike Novogratz thinks cryptocurrency market capitalization will reach $ 20 trillion

text: Ivan Malichenko, photo: Cryptoreporter