According to Dailyhodl, CEO of Galaxy Digital, one of the largest investment companies in the field of cryptocurrencies, Mike Novograts has no doubt that within 20 years the market capitalization of bitcoin will be able to easily bypass the capitalization of gold, which at the moment is $7.5 — 8 trillion.
In a new interview with the founder of Morgan Creek Digital Anthony Pompliano Novogratz says it's a matter of time when institutional players such as Goldman Sachs and Intercontinental Exchange, will be released in the cryptocurrency space.
"I know that Goldman, for example, is eyeing security tokens. They don't do anything yet, but they wonder where they can be stored. To build their own store or entrust it to someone? How to make assets work?"- said the expert.
According to Novogratz, the powerful potential of bitcoin, and traders will be wise to allocate a small percentage under the BTC in your portfolio.
"I think the prospects for bitcoin at the macro level are significant. If you can invest a couple of percent in BTC, there is a good chance that you will win. Fidelity's ready to go. Bakkt a little delayed, but it can't last forever. They're going to get in the game. And there will be many other players."
Novogratz also referred to the decision of the Cboe stock exchange suspend the trading in futures on bitcoin in March. In his opinion, there were several factors. First, the exchange did not calculate its strength, launching a new product, and secondly, the CME exchange managed to "kick her ass."
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