Mike Novogratz, the American investor, crypto advocate, and the CEO of the financial digital services and investment management company Galaxy Digital Holdings Limited predicted that the leading crypto Bitcoin’s price would soon reach $30,000 by the end of March 2023.
Notably, on February 15, Novogratz told during the Bank of America (NYSE:BAC) conference, that it wouldn’t be a surprise for him if the BTC price goes up more than $30,000.
Novogratz also shared his disappointment in the lower price of BTC during the last year, adding that he would have been the happiest person if the price had hit $30,000 at the end of 2022.
Previously, the investor foretold that the price would surge enormously reaching $500,000 by the end of 2027, provided the United States Federal Reserve continues increasing interest rates.
Three Months’ BTC Price
While tracing the trajectory of the BTC price for the past three months, it is evident that the coin follows a positive inclination from $16.72k in December 2022 to the current $24.66k.
Interestingly, Novogratz’s current prediction is far behind the predicted price for 2027 and is 25% more than the current price. Significantly, Novogratz mentioned his previous prediction during the last day’s conference, referring to Fed Chair Jerome Powell, who hiked the interests recently on February 1.
Further, Novogratz believes that the Fed wouldn’t introduce more hikes in the upcoming days:
It is noteworthy that last Wednesday, BTC rose to its highest price since August 2022, which continued to rise in the following days.
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Source: Cryptocurrency - investing.com
