As Bitcoin’s price has continued to rally in the past few weeks, many have been discussing the future outlook of the cryptocurrency’s price. Bitcoin reached over $19,000 recently, and has set a new high for the year, and Bitcoin bull and Galaxy Digital CEO Mike Novogratz recently said in an interview that “Bitcoin is for everyone.”
Appearing in an interview on Yahoo Finance, Novogratz said that everyone should put 2 to 3 percent of their net worth in Bitcoin, and see how it does in the next five years. He explained that in five years, the Bitcoin would be worth a whole lot more.
The Wall Street veteran and millionaire has long been a Bitcoin bull, and had previously said that Bitcoin is a better long-term bet than gold. He backed his statement and explained that since Bitcoin is more difficult to purchase than gold, the cryptocurrency is more worthy as an investment.
Novogratz previously advised investors to have less Bitcoin than gold, due to the cryptocurrency’s…