Mike Novogratz, the CEO of Galaxy Digital believes Bitcoin is heading for $10,000, $14,000 then $20,000. PayPal and Venmo could soon allow users to buy and sell cryptocurrencies. Bitcoin price made a surprise but delicate move towards $10,000 on Monday. Although the largest crypto stalled before hitting the jackpot, it has made tremendous progress from June lows around $8,900. Mike Novogratz, the CEO of Galaxy Digital, in a recent interview with CNBC’s Kelly Evans, doubled down on his $20,000 prediction for Bitcoin again. Novogratz said that it was going to be a surprise if “we don’t take on $10,000.” He added, “after that, you are gonna see $14,000 and $20,000.” According to the hedge fund guru, Bitcoin is unlikely to take off as a payment currency. However, it will continue to function as the precious metal, gold. Novogratz also talked about China’s effort in developing a digital currency that will have the backing of several Asian fiat currencies. He also urged the United States government to look into similar projects in order to avoid falling behind countries such as China. PayPal and Venmo eye Bitcoin and cryptocurrency According to a report published on CoinDesk, PayPal, a leading payments network is looking forward to commencing buying and selling of cryptocurrencies. The article on CoinDesk quoted “well-placed” but unnamed sources who said that PayPal and Venmo users will have dedicated access to an inbuilt wallet from where they will be able to send, store and transact in cryptocurrency assets. It is likely that the first asset to be supported will be Bitcoin. The news regarding the trading services is in line with PayPal’s hunt for blockchain expertise. Two job listings by PayPal are looking to hire two blockchain cryptocurrency engineers. According to a statement made in January by PayPal’s CTO Sri Shivananda: The company wanted its own “perspective and view on [blockchain]technology itself to see how it can help us contribute to the concept of creating an open digital payments platform that can serve everyone. 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 Covid crisis brings into relief social issues, Europe, money and the state – Natixis FX Street 2 years Mike Novogratz, the CEO of Galaxy Digital believes Bitcoin is heading for $10,000, $14,000 then $20,000. PayPal and Venmo could soon allow users to buy and sell cryptocurrencies. Bitcoin price made a surprise but delicate move towards $10,000 on Monday. Although the largest crypto stalled before hitting the jackpot, it has made tremendous progress from June lows around $8,900. Mike Novogratz, the CEO of Galaxy Digital, in a recent interview with CNBC’s Kelly Evans, doubled down on his $20,000 prediction for Bitcoin again. Novogratz said that it was going to be a surprise if “we don’t take on $10,000.” He… 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.
