Novogratz Sees Bitcoin at $100,000, ‘Every’ Company Adopting (2)

Feb. 9, 2021, 2:08 PM

Michael Novogratz, the founder of cryptocurrency investment firm Galaxy Digital, sees Bitcoin more than doubling to $100,000 by the end of the year, spurred higher as more companies allow customers to use the token to make purchases.

The coin jumped to an all-time high of $44,795 Monday after Tesla Inc. said it had bought $1.5 billion of the token with corporate cash reserves. The company also said it will allow customers to buy its electric cars with the coins.

“You’re going to see every company in America do the same thing,” Novogratz said Monday in a Bloomberg Television interview. ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.