photo: Cryptonet

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In the next 20 years Bitcoin will rise 100-fold, and the capitalization of the cryptocurrencies will exceed $7.5 trillion, it will surpass gold in this regard. This was stated by the founder of the investment Bank Galaxy Digital Mike Novogratz, reports on The Daily Hodl.

In conversation with the founder of Morgan Creek Digital Anthony Pompliano he noted that the influx of institutional money into the cryptocurrency market is only a matter of time, and major players like Goldman Sachs and Intercontinental Exchange (ICE) are already embracing new industry.

“I believe that Bitcoin is very strong in the long term. Fidelity prepares for start-up, Bakkt lay, but that can’t happen forever. They enter the game together with other major players. Capitalization of gold is $7.5 trillion, we need to grow another 100 times. This could easily happen in the next 20 years,” says Novogratz.

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The businessman recommends investors to invest part of their capital in Bitcoin. Earlier, the billionaire said that in the near future the coin will begin to rise in price. However, there are experts who believe that the course of the first crypto-currencies can still fall to $3 thousand

We will remind, on March 11, the exchange rate for bitcoin has edged lower after reports of the arrest of the Creator of the fraudulent scheme with cryptocurrencies.