Billionaire Bitcoin bull Mike Novogratz announced a multi-million dollar foray into the crypto-lending sector, predicting that the total cryptocurrency market capitalization will exceed $800 billion in the next 12 months.
Novogratz, who previously predicted a market cap of $800 billion by the end of 2018, adjusted his bullish stance on the future of the cryptocurrency market in light sluggish market movement in Q2 2018. The Galaxy Digital founder, however, has retained a positive stance on the future of cryptos, spearheading a $52.5 million fundraising round for crypto-based lending platform BlockFi.
