Galaxy Digital founder and CEO Mike Novogratz has released his analysis following the actions of leading electric car company Tesla Inc in deciding to invest in Bitcoin. He personally thinks that the action has opened the eyes of industry players and will encourage them to plunge into the critpo market.
Yesterday Tesla Inc., has allocated $ 1.5 billion to buy Bitcoin. Novogratz is optimistic that many other companies in the United States will follow suit soon. If this happens, he expects the price of Bitcoin to double.
Tesla's investment is also an indication that the electric car manufacturer is likely to accept cryptocurrency as a medium of payment.
At the time of this writing, the price of Bitcoin is at $ 45,456.97 per unit as of 9.15 p.m at coinmarketcap with a total market value of more than $ 865 billion. Mike said crypto market players will see a "swarm" of industry players and every company in the United States will hold Bitcoin.
Today there were also reports that RBC Capital Markets stated, Apple has the potential to offer crypto currency trading. In fact, it is no exaggeration to say that this world-class company is capable of making a profit in the stock market.
