Bitcoin Rally And Mass Adoption: After BTC Crossed $10k, Mike Novogratz Brings Institutional Investors To The Crypto Space

As you already know, Bitcoin (BTC) was finally able to surpass the psychological level of $10k.

This has been expected by crypto experts and enthusiasts, and more essential voices in the cryosphere said that once this happens, the FOMO will get unleashed to the mainstream and institutional money can start pouring in the crypto space.

At the moment of writing this article, BTC is trading in the red on CMC, and the most important crypto in the space is priced at $10,605.

Mike Novogratz, to bring institutional investors in the crypto space

Mike Novogratz’s Galaxy Digital is expanding into crypto options contracts in order to meet demand from institutional investors.

The Block reported that Yoshi Nakamura, global head of business development at Galaxy Digital, said that crypto mining companies and lenders are boosting sustained interest in crypto options which can be used to hedge against the “inherent volatility risk” of cryptos, as cited by the Daily Hodl.

Back in March, Novogratz said that “I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.”

BTC is set to surpass $15k

One of the Gemini founders, Tyler Winklevoss has recently stated on social media that when BTC manages to break the $10k level, the coin will quickly surpass $15k as well.

His prediction says that BTC will be getting back to the all-time high near $20k soon, as the data shows that back in 2017 BTC needed eight days to go from $10k to $15k. We’ll have to see what happens and if we’ll witness 2017 all over again.

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