Bitcoin, the leading cryptocurrency that excites the cryptocurrency market, rose above $61,000 for the first time since 2021 today.
While BTC is gradually approaching its previous ATH of $69,000, Bitcoin is only about 13% away from the ATH.
While there were many comments about BTC's price target, the last comment came from cryptocurrency supporter Galaxy Digital founder Mike Novogratz.
While Novogratz did not specify a clear target for Bitcoin, he said that Bitcoin is in the “price discovery phase”.
Novogratz said about the BTC rise: “It is difficult to predict where we will stop.”
“Bitcoin is in the price discovery phase.
There has been easy access to much of the US wealth since it was perhaps first truly an entity.
“At this point, it's hard to predict where Bitcoin will stand.”
Bitcoin continues to trade at $60,997 at the time of writing.
$BTC is in price discovery phase. Maybe really for the first time since it’s been an asset as now the bulk of US wealth has easy access. Hard to predict where we stop.
— Mike Novogratz (@novogratz) February 28, 2024
*This is not investment advice.
