Bitcoin (BTC) may increase its price by 30% till the end of this year, US billionaire and cryptocurrency investor Michael Novogratz told CNN on Wednesday.
The reason for this trend is the institutional interest in BTC like the Goldman Sachs’ plan for a crypto custody service or the NYSE owner’s upcoming virtual coin exchange, called Bakkt. Novogratz is a partner in Bakkt, which should start in November.
“There's an institutional FOMO going on […] As you start getting custody and service providers in and around the system, it allows pension funds and...
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