Crypto billionaire novogratz predicts Bitcoin to skyrocket by 2023 end
Novogratz suggested that such approval would essentially be a seal of approval from the U.S government, indicating that Bitcoin has truly become a recognized asset class.
He also mentioned the importance of giant sales forces, such as those of BlackRock and Invesco, giving access to people who previously had none. However, Novogratz cautioned that the regulatory landscape in the U.S. remains challenging, with the SEC maintaining a"really tough" stance on cryptocurrencies.
He stated that a change of heart at the SEC or a change in administration may be necessary in order to see meaningful progress in crypto regulation in the U.S. Despite this, his overall outlook for Bitcoin and the crypto market remains bullish, expecting a higher trade by the close of 2023.
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