Crypto Is Just Around The Corner

Founder of the Galaxy Digital crypto investment firm predicts blockchain and cryptocurrency mass adoption is 5 or 6 years away.

Crypto Around The Corner

Mike Novogratz, during his speech at the Beyond Blocks conference in South Korea, foretold that it will take 5 or 6 years for blockchain and cryptocurrency mass adoption.

Crypto For Tomorrow

The prediction is based on how long it will take for crypto infrastructure, including regulations, to improve to a satisfactory level and for institutions to begin pushing into space in huge numbers.

Novogratz noted that one of the major struggles to encounter on the way to general adoption is the growing “cost of technical talent” as well as the uncertainties of conventional investors, which are provoked by “no clear precedent for the financial industry.”

Mike Novogratz, the founder of the Galaxy Digital crypto investment firm
Mike Novogratz, the founder of the Galaxy Digital crypto investment firm

He also implied that regulators should be more focused on the retail sector instead of large professional institutions, like JPMorgan and Goldman Sachs.

The investment banker is known for his prediction that Bitcoin (BTC) would increase up to $10,000 by the end of the year 2017, while Ethereum (ETH) would settle at $500. Rather, the top cryptocurrencies have gone twice as further.

Check out the latest on crypto news, one of the most complex DApps to run on the Ethereum blockchain declared first market on its platform confirms $20K in payouts to users.

Related Cryptocurrency News