{"id":36135,"date":"2021-02-09T18:29:06","date_gmt":"2021-02-09T16:29:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36135"},"modified":"2025-08-29T04:48:55","modified_gmt":"2025-08-29T01:48:55","slug":"mike-novogratz-hails-elon-musk-as-a-genius-and-predicts-bitcoin-to-reach-100000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-hails-elon-musk-as-a-genius-and-predicts-bitcoin-to-reach-100000\/","title":{"rendered":"Mike Novogratz hails Elon Musk as a genius and predicts Bitcoin to reach $100,000"},"content":{"rendered":"<p>Bitcoin could rise to $100,000 by the end of 2021 if other companies follow the example of electric-vehicle maker Tesla. Galaxy Digital founder Mike Novogratz said in an interview with <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-08\/novogratz-sees-bitcoin-at-100-000-with-every-company-adopting\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Bloomberg<\/a>.<\/p>\n<p>\\n<\/p>\n<p><!--more--><\/p>\n<p>\\n<\/p>\n<p>The billionaire called Elon Musk a genius for listening to people and taking into account the interests of the youth. In his view, other organisations will invest in the leading cryptocurrency to hedge inflation risks.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\\&#8221;You will see that every company in America will start doing the same thing,\\&#8221; the billionaire said.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>On Monday, February 8, Elon Musk&#8217;s company announced <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">an investment of $1.5 billion in Bitcoin<\/a>. Tesla has hinted that in the future they may integrate the leading cryptocurrency as a means of payment for its products.<\/p>\n<p>\\n<\/p>\n<p>Bitcoin price rose to $44,800, and on February 9 tested <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-tests-48000\">the $48,000 mark<\/a>. As of writing, the coin was trading around $46,320 on the Bitstamp exchange.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_124432\\\" style=\\\"width: 1034px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-124432\\\" class=\\\"size-large wp-image-124432\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-414-1024x636.png\\\" alt=\\\"Mike Novogratz hails Elon Musk as a genius and predicts Bitcoin to reach $100,000\\\" width=\\\"1024\\\" height=\\\"636\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-414-1024x636.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-414-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-414-768x477.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-414.png 1080w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><\/p>\n<p id=\\\"caption-attachment-124432\\\" class=\\\"wp-caption-text\\\">Four-hour BTC\/USD chart for Bitstamp from <a href=\\\"https:\/\/ru.tradingview.com\/chart\/?symbol=BITSTAMP%3ABTCUSD\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">TradingView<\/a>.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>Earlier, Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-everyone-should-hold-2-3-of-their-portfolio-in-bitcoin\">called Bitcoin lucrative<\/a> and a reliable investment. In his view, everyone should allocate 2-3% of their net worth to the leading cryptocurrency.<\/p>\n<p>\\n<\/p>\n<p>Analysts at RBC Capital Markets urged Apple to follow Tesla&#8217;s example and <a href=\"https:\/\/u1f987.com\/en\/news\/rbc-capital-markets-apple-should-buy-bitcoin-and-launch-a-crypto-exchange\">buy Bitcoin<\/a>.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin could rise to $100,000 by the end of 2021 if other companies follow the example of electric-vehicle maker Tesla. Galaxy Digital founder Mike Novogratz said this in an interview with Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":36136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1217,1303,1138],"class_list":["post-36135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-elon-musk","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36135"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36135\/revisions"}],"predecessor-version":[{"id":36137,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36135\/revisions\/36137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36136"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}