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Bitcoin has undoubtedly been on a tear over the past 45 or so days.
Since hitting $6,400 in December, the BTC price has surged by almost 50%, hitting a local high of $9,550 on Thursday.
According to Mike Novogratz – a Wall Street name who used to be a partner at Goldman Sachs and now heads Crypto fund Galaxy Digital – there is a confluence of reasons why the Bitcoin price will continue higher in the months to come.
He conveyed these reasons, or catalysts, in a recent interview with Bloomberg, though he was hesitant to give a BTC price prediction on air.
These Things Could Send Bitcoin Price Soaring In 2020
1. The debasement of fiat money
2. Becoming digital gold
3. Increasing levels of infrastructure
In other Crypto news today…
I share 10 exceptionally bullish factors which confirm a new Crypto bull market has officially begun.
Two full years of a bear market has left Cryptocurrency investors scorn and beaten down, which has mentally conditioned the market to expect more downside regardless of where their long term beliefs toward Bitcoin (BTC) and altcoins may lie.
When markets experience a full cycle, bull markets turn from irrational exuberance and hope to bear markets where fear and anger dominate.
As things turn bullish once again, investors are often left in disbelief, assuming that any up
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.