Mike Novogratz will "give up the game" if the price of Bitcoin does not reach $ 20,000 by the end of this year

Mike Novogratz: Cryptocurrency market will turn over in next year!

One of the most famous figures in the cryptocurrency space has just announced that he will abandon Bitcoin (BTC) if the coin price does not regain its all-time high of $ 20,000 this year.

Mike Novogratz, CEO of cryptocurrency bank Galaxy Digital, said he could abandon Bitcoin if the price doesn't reach $ 20,000 before 2020 ends.

In an interview with CNBC on April 3, the Bitcoin bull doubled its weight of claims that the No. 1 cryptocurrency would skyrocket this year.

Another big year for Bitcoin?

When Bitcoin struggled in March, Novogratz was still very confident in the king despite the decline. He even declared that 2020 could be Bitcoin's biggest year.

With central banks intensifying monetary stimulus before the recession, it's hard to find a better opportunity for Bitcoin to grow and weaken fiat currencies.

As Toiyeubitcoin reported, legendary trader Peter Brandt believed that Bitcoin would be in big trouble if it did not raise prices at the moment.

Give up

Novogratz - who is known as one of Bitcoin's most powerful backers, can finally give up playing with the coin if it is unable to make a major rally this year.

"If it doesn't increase by the end of this year, I might hang my head," he told CNBC.

When asked by a CNBC host about his goal for 2020, the former Goldman Sachs executive replied that he hoped BTC would retest its record peak of around $ 20,000.

Back in 2019, Novogratz had predicted BTC could skyrocket to $ 40,000 by the end of the year, but his prediction then didn't materialize.

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According to U.Today
Translated by ToiYeuBitcoin

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