Bitcoin To Hit $500k in 5 years Says Mike Novogratz!

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At Bloomberg Crypto Summit, Novogratz Stated that Bitcoin would undoubtedly reach $500K in the next 5 years due to its unique features and adoption pace.

He referred Bitcoin as an anti-inflation store of value as well as easily transferable and thus, better than gold in so many ways.

Novogratz also said that the recent crypto market bloodbath was a full-fledged credit crisis. He also admitted he was “darn wrong” about the magnitude of the leverage in the system.