Given that major institutional investors are now jumping on the Bitcoin trend, there are not a lot of sellers, according to Novogratz.
“D.C. has finally acknowledged in principle that crypto legislation has to happen. That it should be bipartisan…The last few weeks have been unbelievably positive,” Novogratz said. The fact that some governments keep spending money is also a positive development for the largest cryptocurrency, according to the billionaire. According to Fundstrat’s Tom Lee, the Bitcoin price could surge to as high as $150,000 this year.
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