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Bitcoin has the prospects of touching and even crossing it’s all-time highs of $20k by May’s block reward halving, as per Billionaire investor Mike Novogratz.
It is to be noted that Mike Novogratz is a serial venture capitalist who has remained invariably bullish on Bitcoin.
Novogratz called Bitcoin the “best brand of the past eleven years,” while speaking to CNBC in an interview on 14th February. He added that 2020 will be the year it will attempt to cross $20k mark once more.
He said in the interview, “Right now, Bitcoin feels a little frenzied and we could see it surge up, but I think that by the end of the year we could certainly take out the old highs, or at least we go to the old highs.”
He further added, “We might be there literally by the halving, which is in a couple of months. Bitcoin is probably the best new brand of the past eleven years. People have believed that it’s now a store of value — similar to gold, just gold’s got 3,000 years and $10 trillion, Bitcoin’s got eleven years and $200 billion.”
What is your opinion about the future aspects of Bitcoin and other cryptocurrencies? Do you think we have entered a bullish market? Let us know in the comments below!
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