During a recent appearance on Schwab Network, Galaxy CEO Mike Novogratz predicted that Bitcoin could potentially surge to $1 million.
Novogratz has explained that gold is roughly a $20 trillion asset, while Bitcoin remains a $2 trillion asset.
Bitcoin, according to the crypto mogul, will see greater adoption among younger investors.
"We had Warren Buffett retire. Charlie Munger passed away. They didn't like Bitcoin. They are not Bitcoin people, but I bet their grandkids are," Novogratz said.
The crypto billionaire believes that there is an ongoing wealth transfer from baby boomers, the generation born between 1946 and 1964, to younger generations.
The prominent American investor first started buying Bitcoin back in 2013.
Fortress’s macro hedge fund, which was led by Novogratz, collapsed in 2015 due to being exposed to the Swiss franc and Brazilian assets. Following the fund's closure, Novogratz launched crypto firm Galaxy Digital in 2017.
The crypto bet paid off massively, and the net worth of the American investor is now estimated to be around $4.4 billion.
As reported by U.Today, Novogratz previously predicted that gold might end up getting eclipsed by Bitcoin within the next eight years.
Last month, he predicted that the cryptocurrency could spike to $150,000 in the near future.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。