Founder of Galaxy Digital, Mike Novogratz, said in an interview with Bloomberg Television that he bought Facebook shares to profit from the rise of cryptocurrencies.
The investor expects Facebook’s Novi digital wallet to launch in the second quarter of 2021.
“As soon as that happens, 2.4 billion people will join the crypto space,” explained Novogratz.
Earlier, the investor said that Bitcoin’s market capitalization would inevitably reach and exceed the total market value of gold.
Earlier, Novogratz forecast Bitcoin to rise to $100,000 by the end of 2021.
Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.