Bitcoin (BTC) is set to hit $ 65,000 due to a combination of low supply and “tons of new buyers”. says the great investor Mike Novogratz.
In an increasingly popular debate in Twitter November 17th Novogratz, known for its prominent Bitcoin plugs, told actress Maisie Williams not to hesitate to buy the cryptocurrency.
Novogratz on Bitcoin: The network effect has “taken over”
Williams had published a poll asking his Twitter followers whether or not to invest in BTC. At the time of going to press, the verdict was split, with 47% of the 750,000 or so responses supporting an investment.
The poll soon caught the attention of famous Twitter users, including the Elon Musk, CEO of Tesla..
“Last night I bought more BTC for $ 15,800. It’s $ 20,000 and (later) $ 65,000,” Novogratz commented.
“The network effect has taken over. I see tons of new buyers and there is very little offer. It’s an easy trade here (than) at $ 11,000. So YES buy it. “
Williams did not reveal why he was suddenly thinking about Bitcoin. The hype comes after the monthly gains of around 50% for BTC / USD. At press time, the pair was trading at $ 16,700.
A restrained bull run
Other responses were podcast host Stephan Livera, Samson Mow, Chief Security Officer of Blockstream, and Barry Silbert, CEO of mutual fund giant Digital Currency Group. Silbert’s asset manager, Grayscale is responsible for buying increasing amounts of the bitcoin supply. Their stocks go over 500,000 BTC ($ 8.37 billion) this week.
As Cointelegraph reported, Bitcoin’s recent surge was notable for the associated lack of media attention.
Although the coin is at a level it hasn’t enjoyed in more than two weeks in its history, Bitcoin still hasn’t sparked the same advertising craze that came with its rise to the all-time high of $ 20,000 in 2017.
But behind the scenes Institutes that have not been partisans so far are advocating the idea of a future in which Bitcoin is an important capital asset. Among them this week was Citibank, which forecast Bitcoin prices of up to $ 318,000 in December 2021.
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