Galaxy Digital CEO: Bitcoin needs to rebound this year, because its time has come

Billionaire investor Mike Novogratz, CEO of Galaxy Digital, said in an interview with CNBC that Bitcoin "needs to rebound this year" because "this is the era of Bitcoin." In an interview, Novogratz saw that Bitcoin experienced a market "panic" earlier this month, and its price fell from about $ 7,100 to less than $ 4,000 in the two days before Bitcoin began to recover. Novogratz pointed out that "this is the era of bitcoin" because we are currently dealing with "the devaluation of fiat currencies and the monetization of trillions of dollars of debt", during the outbreak of the new crown virus, governments around the world began to take unprecedented measures to boost economic. He further stated that many people in the currency industry now believe that with the Fed's commitment to implement "Infinite QE", BTC will be a substitute at this time. Bitcoin needs to rebound this year. If the price of bitcoin did not increase significantly at the end of this year, I would be very puzzled: 'What happened?' "