Billionaire Mike Novogratz: Bitcoin Store of Value “Not Going to Change the World”

Billionaire investor and long-time Bitcoin bull Mike Novogratz shared some interesting views on the current state and future of the leading cryptocurrency by market capitalization.

While Novogratz has been an overwhelming proponent of Bitcoin and cryptocurrency, recently predicting that BTC would reach $20,000 by the end of 2020, he believes that the coin is reaching the end of its potential as a store of value. Speaking at ConsenSys’ Ethereal Summit May 11 on a panel titled, “The Herd is Still Coming!,” Novogratz explained that Bitcoin largely functions as a digital store of value and has managed to build on its competition by the being the first cryptocurrency to market, saying “it came first.”

Original source
https://ethereumworldnews.com/billionaire-mike-novogratz-bitcoin-store-of-value-not-going-to-change-the-world/

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