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Mike Novogratz May ‘Hang His Spurs’ if Bitcoin Doesn’t Hit $20K in 2020

As cryptocurrency markets have been edging up over the previous two weeks amid multiple sell-offs on the mainstream market, the crypto community has become even more bullish about the purchase price of the substantial cryptocurrency, Bitcoin (BTC).

Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a well-known Bitcoin bull, has once again reiterated his bullish stance to the biggest cryptocurrency, forecasting that Bitcoin should retest its $20,000 highs at the end of 2020.

In an April 2 interview with CNBC’s Closing Bell, Novogratz also voiced his confidence that Bitcoin’s price should at least twice before October 2020.

While Novogratz delivered yet another bullish prediction for Bitcoin, this time, the dominant crypto urge confessed that he could give up on Bitcoin if its price does not hit a new all-time big in 2020:

“This is the period of Bitcoin and if it doesn’t go up now by the end of the year, I could hang my spurs.”

Novogratz’s brand new Bitcoin prediction comes amid some recovery on crypto markets as Bitcoin rallied up to $7,200 on April 2 after dropping to as low as $3,600 earlier in March. As of press time, Bitcoin is trading at $6,989, up over 4.6{f28a9029c9a788a04bb00a0cfd9a717b06404bfe7cbd9028507c658ef808cf7b} over the past 24 hours at press time, according to Coin360.

Novogratz enjoys making predictions

This is not the first time that Novogratz produced a positive outlook about Bitcoin. Actually, Novogratz is known for making some inaccurate Bitcoin price predictions alongside important company bulls for example Tim Draper and John McAfee.

Last year, the Galaxy Digital CEO argued that institutional interest would push the Bitcoin price back to $20,000 before the conclusion of 2019.

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