This Billionaire Bitcoin Investor Gives 3 Catalysts That Could Send Price Flying

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Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC 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 Bitcoin 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

On January 30th, Mike Novogratz, a Wall Streeter-turned-Bitcoin bull, sat down with Bloomberg to talk Tesla, stocks, and BTC. Unsurprisingly, he was bullish on the leading cryptocurrency.

His optimism wasn’t unwarranted, though, as he cited an array of reasons why he expects Bitcoin to see price appreciation in the coming months and years. These reasons are as follows.