Michael Novogratz who is the CEO of Galaxy Digital came forward to share his views on the future of crypto.Personally he thinks that bitcoin is a better version of gold despite the recent sharp decline in prices.
Novogratz did not hesitate to state that he was buying more amid the recent big price correction. On the other hand, in a recent interview with Bloomberg, he argued that bitcoin and other cryptocurrencies would represent the future of the financial world.
Novogratz also disagrees with central banks and treasuries that continue to print fiat money in large amounts. Thus, he suggested that the public would need real assets such as real estate, gold and cryptocurrencies to avoid receiving the impact of large-scale fiat money printing.
Novogratz not only supports major digital assets but also several alternative cryptocurrencies. He sees them as innovations, which will make future financial markets "more transparent and fairer." Novogratz expects the value of Bitcoin to reach $ 100,000.
At the time of writing, the BTC price has risen from the $ 28,000 level to the $ 34,211.51 level with an increase of 15.96% in 24 hours.
