Mike Novogratz Says Bitcoin Could Reach $1 Million As BlackRock’s Larry Fink Pushes BTC Adoption, Gold Gets Replaced: ‘A Ball Rolling Downhill’
In a bold projection, Bitcoin (CRYPTO: BTC) bull and Galaxy Digital CEO Mike Novogratz said Thursday that the apex cryptocurrency could grow tenfold to $1 million, eventually replacing gold as the top store of value asset.
What happened: During an interview with CNBC, Novogratz called Bitcoin an “institutionalized macro asset” that investors assess alongside traditional heavyweights such as gold, silver and the S&P 500
“People thought we were crazy,” Novogratz remarked, recalling on the skepticism that once surrounded the cryptocurrency.
This turnaround, Novogratz argues, happened after BlackRock‘s Larry Fink, one of Wall Street’s most influential voices, threw his weight behind Bitcoin.
“Once Larry Fink said BlackRock is getting behind this, all that pushing the snowball uphill that …
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