[vc_row][vc_column][vc_paragraph text=”Galaxy Digital CEO Mike Novogratz expects Bitcoin rally to be really long since the current economic situation creates favorable conditions for crypto spread.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Bitcoin is in the “leap in maturity” phase” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The CEO of Galaxy Digital and a famous crypto enthusiast Mike Novogratz is optimistic about BTC. He claimed that he expected a long-term price rise for the whole crypto market. This follows Novogratz commentary on that 2020 can become “the year of Bitcoin” while the credibility of traditional financial systems is being undermined, and the world economy suffers from the COVID-19 pandemic consequences.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The prominent BTC supporter and former hedge-fund manager Mike Novogratz wrote this on his Twitter referring to the upcoming Bitcoin block reward reduce which, as many suppose, will lead to the price rally.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”“Halving is extremely important but the main reason for BTC growth is that new investors choose it in the background of macroeconomic crisis. This would be a very long bullish rally”, noted Novogratz.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The expert underlines that the BTC price increase will be the result of the arrival of new investors, and there are some signs the inflow has already started.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The metric indicators and volumes of information on social media has made BTC price grow for about $1500 in the following two weeks.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Furthermore, the markets of options, futures and derivatives are also growing indicating that investors want to double down. Hedge-fund investors also constituted a large part of institutional investments in the first quarter of 2020.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Criticism of the ‘cash injections’ into the economy ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”1540″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Novogratz opinion corresponds with many other views including BitMEX CEO Arthur Heiz who believes that Bitcoin will see $20 000 in 2020. He described his thoughts about the current market state in detail during the web broadcast.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”He underlined that the governments took some quantitative easing measures in order to reduce the damage lead by the pandemic. So money are continued to be printed, and the fiscal measures will be prolonged for at least a few months.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The USA with its public debt of $24 trillion have announced the implementation of the new stimulus package amounting to $1 trillion (Investopedia, CNBC).”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In the interview with CNBC Novogratz characterized the measures as a “global orgy for money printing” and noted that the current economic environment is the perfect time for investors to enter crypto market or choose gold as a long-term safe heaven, and the opinion was shared by the finance expert Khamat Palihapitia. Novogratz bets that 2020 will definitely become “the year of Bitcoin”.”][/vc_column][/vc_row][vc_row][vc_column][vc_quote title=”” text=”“Bitcoin will remain volatile during the next following months, but the favorable macroeconomic environment has already been created. This year is the year of BTC”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The main idea of all the published financial reports was that the confidence in the traditional economic system has been misplaced as it demonstrated its weaknesses amidst the desperate attempts to protect the world economy.”][/vc_column][/vc_row]
