Mike Novogratz: digital gold will continue to grow

The head of Galaxy Investment, a well-known crypto enthusiast Mike Novogratz predicts the growth of the first cryptocurrency, considering it “digital gold”.

Bitcoin will not be used as a transactional currency in the coming years and investors will include it in portfolios as a store of value, he said. The adoption of the coin is also facilitated by the current situation in the world economy, which forces world governments to apply measures to support the most affected industries by additional emission of funds. In addition, more and more companies include operations with cryptocurrencies in the priority areas of their business.

Thus, Mike Novogratz predicts that E * Trade Financial, Visa Inc., Mastercard Inc. and American Express Co. PayPal Holdings Inc. will soon follow suit. and will offer platforms on which their customers can transact with stablecoins and cryptocurrencies. “Every company should have a plan in this direction now,” concluded the head of Galaxy Investment.