Just three hours ago, Bitcoin’s latest block reward halving finally came to pass.
Unlike optimists expected, the market didn’t pump in the wake of this event. Instead, BTC is actually down more than 15% in the past three days, having rallied as high as $10,100 on Thursday to only fall to $8,400 as of the time of this article’s writing.
Yet this drop has not stopped a prominent Wall Street billionaire from predicting Bitcoin will rally towards $20,000 by the end of the year.
TOP INVESTOR STILL EYES $20,000 BITCOIN PRICE
Speaking to CNBC’s “Fast Money” panel in the wake of the halving, Galaxy Digital chief executive officer Mike Novogratz held his bullish tone on the leading cryptocurrency.
He asserted that with all of the stimulus by governments, along with the record amount of liquidity operations by central banks, Bitcoin could climb towards $20,000 by the end of the year. Read More