Mike Novograts: Bitcoin capitalization will inevitably reach gold indicator

The founder of the Cryptobank Galaxy Digital Mike Novograts said in a CNBC comment that the capitalization of the first cryptocurrency will inevitably reach and exceed the total market value of gold.

Investor is shocked by the pace of accepting digital assets. He also recognized his previous forecast of the price of the first cryptocurrency of $ 60,000 too conservative.

“Bitcoin on the inevitable path to reaching and exceeding the capitalization of gold,” said Novogradz.

According to the CompaniesmarketCap service, at the time British Army Twitter of writing, the total market cost of gold is $ 10.8 trillion. According to Coingecko, the capitalization of the first cryptocurrency exceeds $ 1.1 trillion.

Recall that in February, Novogradz predicted an increase in bitcoin prices to $ 100,000 by the end of 2021, if other companies follow the example of Tesla – the manufacturer of electric cars revealed investments in digital gold by $ 1.5 billion.

At the end of March, the popular cryptocurrency analyst Willy Wu called Bitcoin the sale of Bitcoin right now. In his opinion, in 2021 the first cryptocurrency awaits the final “explosive bull rally” for three years of growth.

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