Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor

in #cryptocurrency8 years ago

Billionaire investor Michael Novogratz, a former hedge fund manager who has been supportive of bitcoin, claims cryptocurrencies could be worth more than $5 trillion in five years, speaking at the CB Insights Future of Fintech conference in New York,

For this to happen, companies have to develop business principles that satisfy regulators. The recent cyberattack that disabled computers and demanded $300 bitcoin ransom payments is one reminder of the challenge bitcoin faces, following May’s WannaCry attack. Such events reinforce bitcoin’s reputation as a currency favored by hackers and criminals.

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https://www.cryptocoinsnews.com/wall-street-bitcoin-supporter-unfazed-by-cyberattacks/

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Well he didn't become a billionaire out of nothing! I'm sure he's got some wallets chockfull of the stuff, hiding somewhere. Either way, it's perfect for the Wall St. boys and their taxes ;)

Spread your money out within the top 10 and watch your money go up 10,000% in 5 years or 2,000% per year.