• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Cryptocurrencies are undergoing a transformation — they are becoming part of our daily lives. We can now buy things with Bitcoin, which means that the mainstream denomination of “useless digital asset” will soon be erased.
Nexo

A $5 Trillion Cryptocurrency Empire in Just 5 Years?

Ashour Iesho by Ashour Iesho
5 years ago
in Altcoin News, Altcoins, Bitcoin, Markets and Prices, News
0

Famous investor and ex-hedge fund manager, Michael Novogratz, predicts that the cryptocurrency market will be worth $5 trillion in 5 years.


The Rise of the Cryptocurrency Market

After the cryptocurrency market managed to show such explosive growth in such a short time, many investors, speculators, analysts and fintech specialists predict a bullish long-term trend for its future. In this year alone, Bitcoin’s price hit a new ATH to grow by 167%. Another cryptocurrency that had an impressive market cap growth is Ethereum, which was able to grow more than 2,884% and has left many early adopters wealthy.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

This exponential market cap growth has managed to draw in more capital into the cryptocurrency market through many new investors and speculators. ICOs (Initial Coin Offerings) are the leading trend for such investors who are hoping to invest in the next ‘big thing’ in crypto.

Many investors and analysts predict that the current bullish trend hasn’t ended yet and that this is just the start for the cryptocurrency sector. Kay Van-Petersen has predicted that the digital currency market could take 10% of the $5 trillion foreign exchange market in ten years, effectively giving the crypto market a staggering $1.75 trillion valuation.

Cryptocurrency Still Facing an Uphill Battle

Cryptocurrency code

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Although this impressive market growth has drawn in a lot of new capital, some investors are skeptical about investing in bitcoin and cryptocurrencies in general. Many people still associate these digital currencies with the black market and cyber crime. Recent cyber attacks like WannaCry and the one earlier today in Ukraine, which encrypt vital infrastructure systems and hold them for ransom payable in bitcoins, may be damaging to the reputation of Bitcoin and other cryptocurrencies.

A $5 trillion market

Michael Novogratz,  an ex-hedge fund manager and cryptocurrency investor, who holds 10% of his net-worth in bitcoin and ethereum, thinks that the cryptocurrency space has an enormous potential. In a recent Interview the Billionaire said:

The Nasdaq got to $5.4 trillion in 1999, why couldn’t it be as big?

The former hedge fund manager also noted:

There’s so much human capital and real money being poured into the space and we’re at the takeoff point.

In addition, Michael Novogratz expressed that in order for that to happen, businesses need to adopt better principles which will satisfy regulators and give the cryptocurrency space a better reputation.

What are your thoughts on Michael Novogratz’s prediction? Where do you see the market heading to?


Images courtesy of  Pexels 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ashour Iesho

Ashour Iesho

Related Posts

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

1 hour ago
North Korean Hackers

North Korean Hackers Suspected Of Perpetrating $100 Million Harmony Attack

7 hours ago
Oslo Freedom Forum, Fode Diop on stage

3 Lessons From The Oslo Freedom Forum: Why BTC? Nabourema, Likhachevskiy, Diop

14 hours ago
National Agency of Prospective Projects (NAPP) In Uzbekistan Green Lights BTC Miners

National Agency of Prospective Projects (NAPP) In Uzbekistan Green Lights BTC Miners

19 hours ago
Short bitcoin

ProShares Short ETF Becomes Second-Largest Bitcoin Fund In Record Time

21 hours ago
bitcoin etf sec iStock-1087330672

Why The SEC Will Reject Grayscale’s Bitcoin Linked Spot ETF

22 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.