Galaxy Digital’s founder speaks about Bitcoin’s future. He believes that institutional investors will eventually come to the industry. Bitcoin (BTC) stays unchanged at $3,970 as the market cannot decide on where to go next. $4,000 seems to be a tough nut to crack for the bulls after several failed attempts to breakthrough. Meanwhile, the founder of Galaxy Digital Mike Novogratz expressed a view that Bitcoin capitalization would easily surpass the global gold’s market cap within 20 years. It is worth noting that currently the gold’s market is value at $7.5 trillion against Bitcoin’s capitalization of just $70.9 billion according to CoinMarketCap. Speaking with Morgan Creek Digital’s founder Anthony Pompliano, Novogratz emphasized, that the institutional adoption is a matter of time. The institutional money will come to the cryptocurrency market. It’s the question of when, not if. He also underlined that such big players as Goldman Sachs and Intercontinental Exchange (ICE) had been already exploring the possibilities of the new industry. “I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work,” he said as cited by Daily Hodl. He believes that Bitcoin has a huge upside potential and recommends investors to include the first digital currency in their portfolios. Novogratz forecasts echos the views aired by EOS founder Brendan Blumer. He also believes that Bitcoin will replace gold in 20 years. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed’s Harker: Favouring one rate hike at most this year, one in 2020 FX Street 4 years Galaxy Digital's founder speaks about Bitcoin's future. He believes that institutional investors will eventually come to the industry. Bitcoin (BTC) stays unchanged at $3,970 as the market cannot decide on where to go next. $4,000 seems to be a tough nut to crack for the bulls after several failed attempts to breakthrough. Meanwhile, the founder of Galaxy Digital Mike Novogratz expressed a view that Bitcoin capitalization would easily surpass the global gold's market cap within 20 years. It is worth noting that currently the gold's market is value at $7.5 trillion against Bitcoin's capitalization of just $70.9 billion… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.