​​Novogratz: Global 'Liquidity Pump' Will Keep Bitcoin Rising, | MyBitcoin Cryptocurrency News

​​Novogratz: Global 'Liquidity Pump' Will Keep Bitcoin Rising, Price to Hit $20K This Year

Billionaire investor Michael Novogratz said global “liquidity pump” from stimulus packages will keep driving bitcoin’s price higher. He expects the price of bitcoin to reach $20,000 this year, fueled by retail investors shifting to the cryptocurrency.
Mike Novogratz’s Bitcoin Prediction
Galaxy Digital CEO Michael Novogratz said on Tuesday that bitcoin and gold have more room to grow and will continue to rise due to global “liquidity pump,” afforded by governments’ stimulus packages, coupled with an influx of retail investors.
“The liquidity story isn’t going to go away. We’re going to get a big stimulus,” the billionaire investor told CNBC, adding that “it doesn’t look like the Federal Reserve is going to raise rates.” After the CARES Act, the $2.2 trillion coronavirus aid stimulus package which President Donald Trump signed into law in March, Republicans and Democrats have both proposed further stimulus packages. The Democrats proposed the $3 trillion HEROES Act while the Republicans introduced the $1 trillion HEALS Act on Monday.