Crypto Investor Mike Novogratz Predicts $800 Billion Market Cap In The Next 12 Months

Rakesh Sharma | July 26, 2018

Crypto Investor Mike Novogratz Predicts $800 Billion Market Cap In The Next 12 Months
Billionaire and crypto investor Mike Novogratz has forecast an $800 billion market capitalization in the next 12 months for cryptocurrency markets. He had earlier forecast the same market cap figure by the end of this year to CNBC Crypto Trader. “I think we are building a nice bottom for the next move up,” he said in his latest interview, and added that the next price increase for cryptocurrencies would involve the introduction of custody solutions and regulatory clarity about their status. “We won’t take out $10,000 without those two things because that’s what brings the institutional investors in,” he said. Numerous hacks at trading exchanges and scandals associated with them have made cryptocurrencies a tough sell to institutional investors.

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PAYMENTS

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Paystand | July 26, 2021

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Spotlight

Tens of billions of dollars are lost every year by U.S. companies and financial organizations due to fraud. Graph databases can help you stop advanced fraud scenarios in real time by giving you insights based on data connections. Read this white paper to learn how graph databases can help you uncove

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