Billionaire Says Bitcoin May Significantly Exceed Its Previous 2022 Goals

[Wimex]

Galaxy Digital CEO Mike Novogratz has given his opinion on what I find very important about BTC, this is something that can be taken into account for some who want to enter the market.

I find it very interesting because he mentions the metaverses and everything related to the war in Ukraine and Russia, even so the bet because BTC can have a very good price at the end of this year. Could it be so?

Novogratz has very valuable points that can be mentioned, among these we have:

“We had a war break out in the Ukraine, where Russia has invaded. That’s interesting. It creates lots of inflationary pressures through the commodity cycle. It creates lots of risk, risk-off behavior and anxiety, but it also adds to a narrative in crypto, which is really positive and continues to accelerate adoption.

SOURCE: https://dailyhodl.com/2022/04/02/billionaire-mike-novogratz-says-bitcoin-may-significantly-outperform-his-earlier-targets-for-2022/

In my personal opinion, it is a good time to buy despite what many consider to have emotions such as: fear, panic, among others.

Off topic note: I want to add that I do not work for cointelegraph or for any BTC and cryptocurrency magazine (I wish I worked for them, but no) I do not want to hurt sensitivities.

[Jawhead999]

“I had said originally, I thought this would be a rangy year, $30,000 to $50,000 in Bitcoin and whatnot.

But given the adoption cycle I’m seeing and given the way markets trade and how I just see new people wanting to get in, the innovation we’re seeing in Web3 and in the metaverse space, I’ve gotten more constructive than I was at the beginning of the year.

And so it wouldn’t surprise me to see crypto significantly higher by the end of the year.”

Yep, speculating Bitcoin's price due to Web3 and metaverse I don't think he even understand what does Bitcoin is. Web3 is similar like dapps exist since 6 years ago and it's only for ETH, BSC chain, not Bitcoin! Metaverse also doesn't have any relation with Bitcoin and it doesn't have any difference with Virtual Reality exist since long ago. I'd say those hype altcoins stuff (Web3, Metaverse, NFT etc) doesn't make Bitcoin adoption widely, instead many people shift to altcoins.

[Dave1]

I'm not sure about Metaverse, but it's interesting that he mentions about the war because as a community we have been discussing it already.

And I think as much as we hate the war, it might be good for the crypto market itself as many people might hedge their wealth on bitcoin and other crypto to fight the inflation brought up by the war. So we will see, he initially predicted $30k-$50k last week, but it seems he changes his stand on how the market will go for this year.

[Poker Player]

In my personal opinion, it is a good time to buy despite what many consider to have emotions such as: fear, panic, among others.

Sure, Bitcoin may or may not exceed its previous goals. Remember what happened last year. The price expected by everyone was higher than it turned out to be, as an absolute minimum of $100K was expected.

Other than that, if a financial asset is top quality, or the best, as in the case of Bitcoin, it is always a good time to buy. The issue of wars, etc., makes the price fluctuate in the short term because people get carried away by emotions because they sell when they shouldn't, that's why you should always take a long term view.

[KennyR]

Fear, panic and emotions always gets connected with the buying of bitcoin, because the market is unpredictable. It can fall down or bounce high. In the article he have mentioned about all the possible outcomes of the market with relation to the technology taking the price to make new goals for the year.

On the other side more adoption is happening with bitcoin which makes it more progressive and assure of future growth. Whenever one consider bitcoin an investment, the focus should turn for the long term profiting. When one can follow this, then there is nothing to panic. More crypto events are scheduled for 2022 which too adds strength to the market.

[avikz]

The biggest strength of bitcoin is that there is a strong emotional value around the market that it will beat inflation and also pave ways for keeping the financial mafias out from the system. Various CEOs talking about their positive feeling about bitcoin, creates an aspirational value which essentially help building the image of bitcoin among the mass. So I personally think, the current price level is actually very good to buy in, if you want to stay invested for a long period of time. But if you want to gamble with the price changes over a short period of time, then it might not yield anything to you.

We have already seen bitcoin reaching to 66k for a brief period of time so we all know that there is potential but such potential can only be realized when you have a long term goal and capacity to stay invested during a price turmoil. You need to keep panic out of sight.

[GreatArkansas]

(....)

In my personal opinion, it is a good time to buy despite what many consider to have emotions such as: fear, panic, among others.

Off topic note: I want to add that I do not work for cointelegraph or for any BTC and cryptocurrency magazine (I wish I worked for them, but no) I do not want to hurt sensitivities.

With all current events happening in the world right now is just like the same as what happened when the pandemic COVID-19 started, when we saw a huge drop in the market, crypto or even non-crypto market.
So for now, especially Ukraine/Russia  issue right now which most of people telling that it is negative for Bitcoin, I don't agree with them.

[Jating]

We should understand where Mike is coming from, one of the biggest whales in the bitcoin market. And he has a lot of wealthy clients who is into bitcoin so obviously, he will have to be a perma bull, no matter what's going on around the world (war between Ukraine and Russia). But as crypto being adopted globally, just a matter of time before the price will explode.

[davis196]

Billionaire Says Bitcoin May Significantly Exceed Its Previous 2022 Goals

Bitcoin has no goals. Bitcoin is a tool. A person wielding a tool may have a goal, but the tool itself has no goal.

I agree,but this is just a clickbait title.We shouldn't take it so seriously.
Many people view Bitcoin as investment tool and many Bitcoiners think that the Bitcoin price moving up is the most important thing in the world.
Mike Novogratz is a well known Bitcoin bull for years.Of course that he's going to be extremely bullish about Bitcoin.What he says is a bunch of gibberish.He's using BS to justify his bullish predictions.
The Bitcoin price will increase severely because of the war Ukraine?
There's a war in the last 38 days and the BTC price is still pretty volatile and going up and down.
I don't see a FOMO wave and a clear bull run in the Bitcoin market.
The Bitcoin price will increase because of the Metaverse and Web3?This is pure BS.

[Taskford]

Its interesting to see how influential guys predicts bitcoin future as if we really experience that or we gonna flop in future so any of this will be the outcome we should be careful upon trusting those predictions especially if we know those people have capabilities to manipulate people around them. So lets not get hype so much and always follow our own track and ride only with the news.

[Oceat]

Its interesting to see how influential guys predicts bitcoin future as if we really experience that or we gonna flop in future so any of this will be the outcome we should be careful upon trusting those predictions especially if we know those people have capabilities to manipulate people around them. So lets not get hype so much and always follow our own track and ride only with the news.

It's not a new thing that's happening in crypto market before they already exist in different eras yet I can't positively think they are ready to predict some Bitcoin price. Everytime I see or heard an expert as they say telling prediction about Bitcoin price and the future movement where it can possibly land it always makes me doubt about how sure are they with their prediction.

It doesn't matter whether they are billionaire or millionaire since we got billionaire already in the last bull run yet his prediction didn't matter but instead he left and chose to invest in some meme coin instead. I'm sure most of them are using their status/titles to manipulate the people/market.

[24Kt]

Its interesting to see how influential guys predicts bitcoin future as if we really experience that or we gonna flop in future so any of this will be the outcome we should be careful upon trusting those predictions especially if we know those people have capabilities to manipulate people around them. So lets not get hype so much and always follow our own track and ride only with the news.

In years that I have known crypto market, a lot of self-proclaimed experts will give their prediction. But it doesn't mean, we need to believe what they have to say, we can assess it on our own, and follow our instincts when making up a decision. At the end of the day, you need to take care of your investments because no one will.

[tabas]

After reading Mike Novogratz' name. I have already thought that he's always been bullish, a bitcoin bull.

I find it very interesting because he mentions the metaverses and everything related to the war in Ukraine and Russia, even so the bet because BTC can have a very good price at the end of this year. Could it be so?

Yes, it's like the 2017 where most ICOs have became a trend by that time and it had repeated due to the fact that we've got nfts and metaverses this time.
That sums up to the bull run of bitcoin and this guy has always been aiming for higher price and giving predictions. I've seen him doing this since the 2017 bull run.

[Scripture]

Its interesting to see how influential guys predicts bitcoin future as if we really experience that or we gonna flop in future so any of this will be the outcome we should be careful upon trusting those predictions especially if we know those people have capabilities to manipulate people around them. So lets not get hype so much and always follow our own track and ride only with the news.

In years that I have known crypto market, a lot of self-proclaimed experts will give their prediction. But it doesn't mean, we need to believe what they have to say, we can assess it on our own, and follow our instincts when making up a decision. At the end of the day, you need to take care of your investments because no one will.

Those predictions can bring hype, and encourage you to hold more but its your job to confirm if that prediction are more possible to happen because if its too good to be true, then better not to listen to that at all. 9 million of Bitcoin already mined and a few millions left, with this limited supply I wonder what would be the bottom price of Bitcoin, I still believe on some predictions that it can really happen in the coming years.

[mk4]

I long for the day that people here would finally stop taking these people's predictions too seriously. People trying to predict movements have been tremendously wrong 9 out of 10 times.

[peter0425]

Could it be so?

for my years in crypto? Billionaires are one of those who constantly manipulating the market by saying this as good thing to come? or saying that of bad things to happen, but in the end of everything ? it is the investors specially those noob and small investors that suffers from their manipulative actions.

while this can happen but always ready yourself for the sideways , remember that volatility of crypto mostly kills small investors .

[Ziskinberg]

We should understand where Mike is coming from, one of the biggest whales in the bitcoin market. And he has a lot of wealthy clients who is into bitcoin so obviously, he will have to be a perma bull, no matter what's going on around the world (war between Ukraine and Russia). But as crypto being adopted globally, just a matter of time before the price will explode.

You are definitely right, anyone who is investing in bitcoin will always be bullish. To be honest, I don't wanna hear a lot of bullish predictions as that does not sound good based on my previous experience, when people are talking about bullish predictions, mostly the price of bitcoin will go the other way.

There's a lot of reasons why bitcoin would have to be bullish, but it always has its time, so this is for long term investors, they just have to trust the process as we will eventually be back there soon.

[LogitechMouse]

I can still remember the time where a single popular influencer will post his predictions and after posting it, the market will react to it either positively or negatively depending on that prediction.

That days are gone already. Predictions of Billionaires and influential people doesn't affect the market anymore. Investors are more intelligent now and not reacting base on the predictions anymore. One thing more is that he holds many Bitcoins and when you are influential and holding large amounts of BTC, you should make a move to pump it at least a little bit to have some profits.

Anyway, don't take predictions too seriously or make it as a basis on whether you will enter or not.

[uneng]

When traditional economies and markets become unstable it's the perfect time to enter crypto market, mostly aiming bitcoin investment as main focus, always. We've seen this during covid pandemic and now with the war this scenario might repeat itself, bringing a pretty decent volume of funds to cryptocurrency again.

If dollar keeps losing strength and value, it's almost sure bitcoin will be benefited, because it will become the plan B for many investors, especially those who cashed out their funds from crypto to invest in traditional american markets after the announcement FED would be raising interest rates this year.

[hatshepsut93]

This is a really primitive analysis. War = inflation = good for Bitcoin. We have already seen a lot of cases where Bitcoin price tumbled as a reaction to negative news, because Bitcoin is viewed as a risky asset, and not a true anti-inflation hedge. If anything, the 2021 bull market shows that it's important to have a non-stopping hype train of positive news to sustain the bull run. If there's no good news, the price growth is limited. There's a ton of different factor that ultimately set up a trend, you can't just say that Bitcoin's price is only determined by the inflation rate of US dollar.