According to Mike Novograz, Bitcoin will reach new highs when institutional investors come to the market in the first half of 2019.
He also confirmed his last crypto forecast – the price of bitcoin will not overcome the mark of $10,000 until the end of the year.
In addition, Novogratz noted that Fidelity Digital Assets, a new platform for trading bitcoin and Ethereum from Fidelity Investments, will play an important role in the history of the first cryptocurrency.
According to him, the Fidelity Investments division will offer solutions for asset storage and thereby attract institutional investors to the crypto industry. However, he added that this would not happen immediately. The platform will undergo a number of tests before it earns the trust of major players of the financial world.
Recall, in September, Mike Novogratz was sure that bitcoin was ready for explosive growth.