Novogratz to Make Another Bullish Forecast on BTC

Galaxy Digital founer believes that thanks to institutional money, the price of Bitcoin will reach $ 8,000 this year
14 February 2019   450

The founder of Galaxy Digital, Mike Novogratz, in a conversation with Bloomberg, expressed the opinion that in March of this year, custodial solutions for cryptocurrency will start to run, which will pave the way for institutional money.

All the architecture that institutions need to feel comfortable with this is being put in place. You’re going to start to see custody come online.

Mike Novogratz

Founder, Galaxy Digital

He stressed that at the beginning of spring, signs of the emergence of “smart money” will be visible on the market. According to him, only Fidelity investment company has 200-300 customers who are interested in Bitcoin investments. However, he notes, big business will enter the market gradually, as caution is characteristic of whales.

Over the next six to 12 months you are going to see institutions put a small amount of their assets. A small amount of institutional assets is a lot of money.

Mike Novogratz

Founder, Galaxy Digital

The increase in demand will inevitably affect the price - thanks to institutional money, the price of Bitcoin will reach $ 8,000, Novograz is sure. After that, being “digital gold”, Bitcoin will become even more distinguished from the rest of cryptocurrencies.

Arguing about the lingering “cryptowinter,” the founder of the Galaxy Digital said that last year showed “how painful bursting bubbles can be.” Now that the frenzy of retail investors has faded, and with it the inflated prices of thousands of digital assets, the industry is preparing for a structural shift from the “people's revolution to institutionalization”.

Binance Android App to Support CC Payments

Additionally, crypto-fiat exchange Binance Singapore was launched
25 April 2019   61

Binance has updated the application for the Android OS. Now users can buy cryptocurrency using their credit cards.

In particular, the feature of buying Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with your credit card is now available.

At the same time, the launch of the Binance Singapore crypto-fiat exchange took place. So far, only one trading pair is available to users of the site - BTC / SGD, but later in the listing other coins may appear.

Singapore users need not only to create an account, but also to link it to an account in the local Xfers payment service, which provides cryptowallet approved by local regulators.

It is noteworthy that earlier Xfers was a partner of Coinbase, when the latter launched its services in Singapore, but relations between the companies were terminated.