Important Statement by Mike Novogratz: 2020 will be the year of Bitcoin (BTC)

Mike Novogratz, Galaxy Digital CEO, predicts that 2020 may be the year of Bitcoin (BTC) despite the disadvantageous price movement.

“Bitcoin (BTC) Will Be The Focus Of Interest”

While most people do not believe that Bitcoin will capture its past grandeur after peaking in 2017, Galaxy Digital’s CEO Mike Novogratz believes that Bitcoin (BTC) will become the center of attention in 2020 and shine at a macro level.

$ BTC will continue to be volatile over the next few months but the macro backdrop is WHY it was created. This will be and needs to be BTC’s year.

– Michael Novogratz (@novogratz) March 22, 2020

The past two weeks were completely crazy in terms of Bitcoin (BTC). The leading cryptocurrency first experienced a 50 percent collapse, and then compensated for 80 percent of this crash. As of now, bulls and bears continue to fight for another decisive move, while BTC is trading below the $ 6,300 level.

According to Novogratz, BTC will calm down in the next two months and thinks that the current volatility is normal due to the impending halfway.

The Real Test of Bitcoin

Novogratz previously stated that global confidence in Bitcoin (BTC) evaporated after a shocking drop in prices. This also applies to all safe classes because gold, known as the traditional safe haven, dropped almost 15 percent from its peak on March 9.

In the liquidity contraction caused by the coronavirus, the US dollar seems to be the only king, but this may change during the ongoing stock market turmoil. The value of Bitcoin, which is on the verge of halfway as the Federal Reserve, Bank of England and other central banks distribute money from the air, can be discovered by the public.