Recent time exterior At Schwab Network, Galaxy CEO Mike Novogratz predicted that Bitcoin could potentially surge to $1 million.
Novograts explains that gold is an asset of around $20 trillion, while Bitcoin remains an asset of $2 trillion.
According to Crypto Mogul, Bitcoin will adopt a larger adoption among younger investors.
“Warren Buffett retired. Charlie Munger has passed away. They didn’t like Bitcoin. They’re not Bitcoin people, but I’m sure I have their grandchildren,” Novograts said.
The crypto billionaires believe there is a continuous transfer of wealth from generations born between 1946 and 1964 to younger generations.
Prominent American investors first began purchasing Bitcoin in 2013.
The fortress macrohedge fund led by Novograts collapsed in 2015 after being exposed to assets from the Swiss franc and Brazulinas. Following the fund’s closure, Novograts launched Crypto Firm Galaxy Digital in 2017.
Crypto’s bets have paid off significantly, with US investors currently estimated at around $4.4 billion.
As Reported by U.TodayNovograts previously predicted that gold could be plucked into by Bitcoin within the next eight years.
Last month, he predicted that cryptocurrency could surge to $150,000 in the near future.