Mike Novogratz expects Bitcoin to continue its rally.
The former hedge fund manager is convinced that the rise of BTC is just beginning. He encouraged investors to get involved so as not to ‘ miss the bus ‘.
On May 7th largest kriptovaluta broke $ 9,800, probably along the news that billionaire Paul Tudor James invest in Bitcoin.
The flagship cryptocurrency managed to jump to $ 10,074 at 23:47 UTC on Bitstamp. BTC broke $ 10,000 for the first time since Feb. 24.
According to Josh Rager , the bulls have nothing to worry about unless they stay above $ 9,150 after retreating.
Novogratz noted that Bitcoin failed to reach $ 10,500, the highest level for 2020, indicating that the rally still has potential to rise.
He says he will not sell BTC for $ 12,000 this time due to macro trends and growing adoption.
Earlier in April, Novogratz announced it would abandon Bitcoin if the currency failed to reach a new record high by 2020.