Half of Predictions Are Right Half the Time — BTC’s Halving Divides Opinions
Cointelegraph
Published Feb 22, 2020 07:00PM ET
Updated Feb 22, 2020 08:42PM ET
Half of Predictions Are Right Half the Time — BTC’s Halving Divides Opinions
The renowned Mike Novogratz, founder of digital assets merchant bank Galaxy Digital, has once again voiced his predictions on the price of Bitcoin (BTC) in light of the impending Bitcoin halving set for May 2020. According to Novogratz, the inceptive cryptocurrency will likely breach the $20,000 benchmark in 2020.
The prediction comes a couple of months after Novogratz stated that BTC would reach $12,000, right before the latest rally. Will Novogratz, who is known for his daring forecasts — most of which are not far off the spot — be right this time? As the Bitcoin halving approaches, analysts have split projections. Some of them are skeptical and do not believe that Novogratz’s words will flourish into a true price rally, while others suggest that BTC price hasn’t been priced yet.
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Written By: Cointelegraph
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