Bitcoin Price Will Reach $ 65,000 As Network Effect ‘Takes Over’ – Mike Novogratz

Bitcoin (BTC) will hit $ 65,000 due to a combination of low supply and “tons of new buyers,” says lead investor Mike Novogratz.

In an increasingly popular Twitter debate Novogratz, known for its prominent Bitcoin plug-ins, told actress Maisie Williams not to hesitate to buy the cryptocurrency on November 17.

Novogratz on Bitcoin: the network effect has “taken over”

Williams had published a survey asking Twitter followers whether or not he should invest in BTC. At press time, the verdict has been split, with 47% of the approximately 750,000 responses supporting an investment.

The survey soon attracted the attention of famous Twitter users, among them Tesla CEO Elon Musk.

“I bought more BTC last night at 15,800. It’s going to 20K and (then) 65K, “commented Novogratz.

“The net effect has taken over. I see tons of new buyers and the supply is very scarce. It’s an easier trade here (than) at 11K. So YES, buy it. “

Williams did not disclose what made her suddenly consider Bitcoin, with the advertising coming in the wake of monthly gains close to 50% for BTC / USD. At press time, the pair reached $ 16,700.

A low-key bull run

Other responses included podcast host Stephan Livera, Blockstream chief security officer Samson Mow, and Barry Silbert, CEO of investment fund giant Digital Currency Group. Silbert’s asset manager Grayscale is responsible for buying ever larger quantities of Bitcoin’s offering, with his holdings exceeding BTC 500,000 ($ 8.37 billion) this week.

As Cointelegraph reported, Bitcoin’s recent rise was evident due to the lack of associated media attention it has received.

Despite being at levels not enjoyed by the token for more than two weeks in its history, Bitcoin has not yet sparked the same advertising frenzy that accompanied its rise to an all-time high of $ 20,000 in 2017.