The leading cryptocurrency Bitcoin (BTC) also draws attention with its 7% increase in the last 24 hours. In addition, Mike Novogratz, one of the popular names in the market, shared the level he expects Bitcoin to see in the next 5 years.

The cryptocurrency ecosystem has attracted and continues to attract many critics since its existence. However, it is worth mentioning that names like Mike Novogratz have been supporting cryptocurrencies for a long time.

Mike Novogratz

Billionaire name Mike Novogratz said that Bitcoin could reach $500,000 in the next five years. Namely, Novogratz, CEO of crypto investment firm Galaxy Digital, stated in his speech at the Bloomberg Crypto Summit that BTC will be worth half a million dollars in five years. The billionaire believes that the increased use and exceptional features of the cryptocurrency could bring the price of $500,000 in 5 years.

In addition to Novogratz, some crypto money supporters seem to be in line with billionaire names. Anthony Scaramucci, founder of investment firm SkyBridge Capital, said in January of this year that he thinks Bitcoin will reach a price of $500,000 in the next four to five years.

Anthony Scaramucci-2

On the other hand, the founders of Gemini cryptocurrency exchange Cameron and Tyler Winklevoss also state that the real adoption of Bitcoin has not started yet. Gemini also predicts that the price of Bitcoin will reach $ 500,000 in the future, in the same way as important names.

In addition, according to Novogratz, Bitcoin stands out with its unique features. In his statements on the subject, the popular name used the expressions, “Bitcoin was specially designed to be an anti-inflationary store of value.” “In many ways, the transferability of crypto makes it superior to the precious metal gold,” Novogratz said. “He continued with his words.