Mike Novogratz: Bitcoin will reach $500,000

Galaxy Digital CEO Mike Novogratz compared the recent fall of cryptocurrencies to the collapse of Lehman Brothers during the 2008-2009 financial crisis.
The industry needs to be legalized. In this case, it will become transparent and supervisory agencies will be able to ensure the safety of investors, the billionaire said at a summit organized by Bloomberg.
Regulators still do not have enough leverage to control the movement of funds in digital currencies.

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