Cryptocurrencies
Novogratz Sees Bitcoin at $100,000, ‘Every’ Company Adopting
- Crypto coin rises to record after Tesla buys $1.5 billion
- Tesla will also allow customers to buy its cars with the coin
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Michael Novogratz, the founder of cryptocurrency investment firm Galaxy Digital, sees Bitcoin more than doubling to $100,000 by the end of the year, spurred higher as more companies allow customers to use the token to make purchases.
The coin jumped to an all-time high of $44,795 Monday after Tesla Inc. said it had bought $1.5 billion of the token with corporate cash reserves. The company also said it will allow customers to buy its electric cars with the coins.