The head of the company Galaxy Digital Mike Novograc is sure that in 2019 Bitcoin`s price will reach $20 000, because institutional investors have shown their interest in cryptocurrencies.
“Bitcoin must overcome $6800 mark, and then till year-end the price can reach $8800-$9000. Until the end of the first quarter the cost will grow till $10 000, and then we are expecting for new peaks – $20 000 and more.” – Novograc expressed his assumptions to the magazine Financial News.
Mike Novograc believes that launch of the platforms Fidelity Digital Assets and Bakkt will attract new investors into the industry.
Earlier Mike (successful cryptoinvestor) already made statements concerning price`s growth. On November of previous year, when BTC literally took wing, the investor told that till the end of 2018 Bitcoin could reach $40 000.
According the billionaire`s opinion, the main factor of future growth will become development of regulatory framework for the industry. In addition, this will eliminate regulatory uncertainty, contribute attracting of big investors and scare away scammers.
Investment platform found out that one of the largest investment company BlackRock refused to offer ETF to their clients for creating appropriate legal framework, as the head of the company Larry Flink claimed in the beginning of November.
It worth noting that far from all agree with Novograc`s opinion. The head of the platform BitMEX Arthur Hayes thinks that the market may fall about a year and a half.