Fortress Investment Group Principal and Billionaire investor Michael Novogratz stated recently that the cryptocurrency market capitalization will worth $5 trillion by 2022.
Michael Novogratz has always been a cryptocurrency enthusiast and a big investor in blockchain start-ups. For example he was an early investor in Ethereum, when its price was about $1. He also predicted Bitcoin’s price peak to +$2,000.
“Ten percent of my net worth is in this space [Bitcoin],” Novogratz said at a forum held at the Harvard Business School Club of New York this year. It’s the “best investment of my life,”. And if Bitcoin falls to $1600, he would “be buying a lot of it.” he added.